EMR Emerson Electric Co

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In the opinion of management, the accompanying unaudited consolidated financial statements include all adjustments necessary for a fair presentation of operating results for the interim periods presented. Adjustments consist of normal and recurring accruals. The consolidated financial statements are presented in accordance with the requirements of Form 10-Q and consequently do not include all disclosures required for annual financial statements presented in conformity with U.S. generally accepted accounting principles (GAAP). For further information, refer to the consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended September 30, 2022.

Over the past two years, Emerson Electric Co. ("Emerson" or the "Company") has taken significant actions to accelerate the transformation of its portfolio through the completion of strategic acquisitions and divestitures of non-core businesses. The Company's recent portfolio actions include the combination of its industrial software businesses with Aspen Technology, Inc., with the Company owning 55 percent of the outstanding shares of the combined entity on a fully diluted basis upon closing of the transaction on May 16, 2022, the sale of its Therm-O-Disc business, which was completed on May 31, 2022, the sale of its InSinkErator business, which was completed on October 31, 2022, the sale of a majority stake in its Climate Technologies business, which was completed on May 31, 2023, and the pending acquisition of National Instruments Corporation ("NI"), which was approved by NI shareholders on June 29, 2023 and is expected to close in the first half of Emerson’s fiscal 2024, subject to the completion of customary closing conditions and regulatory approvals.

Emerson is a global manufacturer that combines technology and engineering to provide innovative solutions to its customers, largely in the form of tangible products. The majority of the Company's revenues relate to a broad offering of manufactured products which are recognized at the point in time when control transfers, while a smaller portion is recognized over time or relates to sales arrangements with multiple performance obligations. See Note 14 for additional information about the Company's revenues.

The following table summarizes the balances of the Company's unbilled receivables (contract assets), which are reported in Other assets (current and noncurrent), and its customer advances (contract liabilities), which are reported in Accrued expenses and Other liabilities.     

			Sept 30, 2022									June 30, 2023
Unbilled receivables (contract assets)						$	1,390								1,385
Customer advances (contract liabilities)						(776)									(985)
Net contract assets (liabilities)						$	614								400

    

The majority of the Company's contract balances relate to (1) arrangements where revenue is recognized over time and payments from customers are made according to a contractual billing schedule, and (2) revenue from term software license arrangements sold by AspenTech where the license revenue is recognized upfront upon delivery. The decrease in net contract assets was due to customer billings exceeding revenue recognized for performance completed during the period. Revenue recognized for the three and nine months ended June 30, 2023 included $59 and $500, respectively, that was included in the beginning contract liability balance. Other factors that impacted the change in net contract assets were immaterial. Revenue recognized for the three and nine months ended June 30,

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Aspen Technology

On May 16, 2022, the Company completed the transactions contemplated by its definitive agreement with Aspen Technology, Inc. ("Heritage AspenTech") to contribute two of Emerson's stand-alone industrial software businesses, Open Systems International, Inc. and the Geological Simulation Software business (collectively, the “Emerson Industrial Software Business”), along with approximately $6.0 billion in cash to Heritage AspenTech stockholders, to create "New AspenTech", a diversified, high-performance industrial software leader with greater scale, capabilities and technologies (defined as "AspenTech" herein). Upon closing of the transaction, Emerson owned 55 percent of the outstanding shares of AspenTech common stock (on a fully diluted basis) and former Heritage AspenTech stockholders owned the remaining outstanding shares of AspenTech common stock. AspenTech and its subsidiaries now operate under Heritage AspenTech’s previous name “Aspen Technology, Inc.” and AspenTech common stock is traded on NASDAQ under AspenTech’s previous stock ticker symbol “AZPN.”

The business combination has been accounted for using the acquisition method of accounting with Emerson considered the accounting acquirer of Heritage AspenTech. The net assets of Heritage AspenTech were recorded at their estimated fair value and for the Emerson Industrial Software Business continue at their historical basis. The Company recorded a noncontrolling interest of $5.9 billion for the 45 percent ownership interest of former Heritage AspenTech stockholders in AspenTech. The noncontrolling interest associated with the Heritage AspenTech acquired net assets was recorded at fair value determined using the closing market price per share of Heritage AspenTech as of May 16, 2022, while the portion attributable to the Emerson Industrial Software business was recorded at its historical carrying amount. The impact of recognizing the noncontrolling interest in the Emerson Industrial Software Business resulted in a decrease to additional paid-in-capital of $550.

The following table summarizes the components of the purchase consideration reflected in the acquisition accounting using Heritage AspenTech's shares outstanding and closing market price per share as of May 16, 2022 (in millions except share and per share data):

Heritage AspenTech shares outstanding						66,662,482
Heritage AspenTech share price						$	166.30
Purchase price						$	11,086
Value of stock-based compensation awards attributable to pre-combination service						102
Total purchase consideration						$	11,188

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The total purchase consideration for Heritage AspenTech was allocated to assets and liabilities as follows.

Cash and equivalents						$	274
Receivables						43
Other current assets						280
Property, plant equipment						4
Goodwill ($34 expected to be tax-deductible)						7,225
Other intangible assets						4,390
Other assets						513
Total assets						12,729
Short-term borrowings						27
Accounts payable						8
Accrued expenses						115
Long-term debt						255
Deferred taxes and other liabilities						1,136
Total purchase consideration						$	11,188

Emerson's cash contribution of approximately $6.0 billion was paid out at approximately $87.69 per share (on a fully diluted basis) to holders of issued and outstanding shares of Heritage AspenTech common stock as of the closing of the transactions, with $168 of cash remaining on AspenTech's balance sheet as of the closing which is not included in the allocation of purchase consideration above.

The estimated intangible assets attributable to the transaction are comprised of the following (in millions):

						Amount						Estimated Weighted Average Life (Years)
Developed technology						$	1,350					10
Customer relationships						2,300						15
Trade names						430						Indefinite-lived
Backlog						310						3
Total						$	4,390

Results of operations for the three and nine months ended June 30, 2023 attributable to the Heritage AspenTech acquisition include sales of $257 and $576, respectively, compared to $173 for the three and nine months ended June 30, 2022, while the impact to GAAP net earnings was not material in both years.

Pro Forma Financial Information

The following unaudited proforma consolidated condensed financial results of operations are presented as if the acquisition of Heritage AspenTech occurred on October 1, 2020. The pro forma information is presented for informational purposes only and is not indicative of the results of operations that would have been achieved had the acquisition occurred as of that time ($ in millions, except per share amounts).

			Three Months Ended June 30,									Nine Months Ended June 30,
						2022																		2022
Net Sales						$	3,520																	$	10,326
Net earnings from continuing operations common stockholders						$	268																	$	1,426
Diluted earnings per share from continuing operations						$	0.45																	$	2.39

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The pro forma results for the nine months ended June 30, 2022 include $159 of transaction costs which were assumed to be incurred in the first fiscal quarter of 2021. Of these transaction costs, $61 and $91 were included in the Company's reported results for the three and nine months ended June 30, 2022, respectively, but have been excluded from the fiscal 2022 pro forma results above. In addition, Heritage AspenTech incurred $68 of transaction costs prior to the completion of the acquisition that were not included in Emerson's reported results. The pro forma results for the nine months ended June 30, 2022 include estimated interest expense of $56 related to the issuance of $3 billion of term debt and increased commercial paper borrowings to fund the acquisition.

Other Transactions

On April 12, 2023, Emerson announced an agreement to acquire National Instruments Corporation ("NI") for $60 per share in cash at an equity value of $8.2 billion. The effective price per share is $59.61 considering shares previously acquired by Emerson, see Note 12. NI, which provides software-connected automated test and measurement systems that enable enterprises to bring products to market faster and at a lower cost, had revenues of $1.66 billion in 2022. On June 29, 2023, NI's shareholders voted to approve the proposed transaction and it is expected to close in the first half of Emerson’s fiscal 2024, subject to the completion of customary closing conditions and regulatory approvals.

On July 27, 2022, AspenTech entered into an agreement to acquire Micromine, a global leader in design and operational solutions for the mining industry, for AU$900 (approximately $623 USD based on exchange rates when the transaction was announced). On August 1, 2023, AspenTech announced the termination of the agreement to purchase Micromine. AspenTech, along with the sellers of Micromine, had been waiting to secure a final Russian regulatory approval as a condition to the closing of the transaction. As this process continued, the timing and requirements necessary to get this approval became increasingly unclear. This lack of clarity on the potential for, and timing of, a successful review led AspenTech and the sellers of Micromine to this mutual course of action. AspenTech will not pay any termination fee as part of this arrangement.

On March 31, 2023, Emerson completed the divestiture of Metran, its Russia-based manufacturing subsidiary. In the first quarter of fiscal 2023, the Company recognized a pretax loss of $47 in Other deductions ($47 after-tax, in total $0.08 per share) related to its exit of business operations in Russia. In the third quarter of fiscal 2022, the Company announced its intention to exit business operations in Russia and recognized a pretax loss of $162 ($174 after-tax, in total $0.29 per share). This charge included a loss of $32 in operations and $130 reported in Other deductions ($9 of which is reported in restructuring costs) and was primarily non-cash.

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On October 31, 2022, the Company completed the divestiture of its InSinkErator business, which manufactures food waste disposers, to Whirlpool Corporation for $3.0 billion. This business had net sales of $630 and pretax earnings of $152 in fiscal 2022. The Company recognized a pretax gain of approximately $2.8 billion (approximately $2.1 billion after-tax) in the first quarter of fiscal 2023.

On May 31, 2022 the Company completed the divestiture of its Therm-O-Disc sensing and protection technologies business to an affiliate of One Rock Capital Partners, LLC. The Company recognized a pretax gain of $486 ($429 after-tax) in the third fiscal quarter of 2022.

The financial results of Climate Technologies, InSinkErator ("ISE") and Therm-O-Disc ("TOD") (through the completion of the divestitures), are reported as discontinued operations for the three and nine months ended June 30, 2023 and 2022 and were as follows:

			Climate Technologies																		ISE and TOD																					Total
			Three Months Ended June 30,																		Three Months Ended June 30,																		Three Months Ended June 30,
						2022									2023									2022									2023									2022									2023
Net sales						$	1,325								847									215									—									1,540									847
Cost of sales						892									516									137									—									1,029									516
SG&A						129									122									29									—									158									122
Gain on sale of business						—									(10,576)									—									—									—									(10,576)
Other deductions, net						14									8									(478)									—									(464)									8
Earnings before income taxes						290									10,777									527									—									817									10,777
Income taxes						63									2,014									57									—									120									2,014
Earnings, net of tax						$	227								8,763									470									—									697									8,763
			Climate Technologies																		ISE and TOD																					Total
			Nine Months Ended June 30,																		Nine Months Ended June 30,																		Nine Months Ended June 30,
						2022									2023									2022									2023									2022									2023
Net sales						$	3,659								3,156									698									49									4,357									3,205
Cost of sales						2,520									2,000									443									29									2,963									2,029
SG&A						383									391									98									8									481									399
Gain on sale of business						—									(10,576)									—									(2,783)									—									(13,359)
Other deductions, net						26									75									(465)									12									(439)									87
Earnings before income taxes						730									11,266									622									2,783									1,352									14,049
Income taxes						158									2,366									102									653									260									3,019
Earnings, net of tax						$	572								8,900									520									2,130									1,092									11,030

Climate Technologies' results for the three and nine months ended June 30, 2023 include lower expense of $26 and $96, respectively, due to ceasing depreciation and amortization upon the held-for-sale classification. Other deductions, net for Climate Technologies included $57 of transaction-related costs for the nine months ended June 30, 2023. Income taxes for the nine months ended June 30, 2023 included approximately $2.2 billion for the gain on the Copeland transaction and subsidiary restructurings in prior quarters, and approximately $660 related to the gain on the InSinkErator divestiture.

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The aggregate carrying amounts of the major classes of assets and liabilities classified as held-for-sale as of June 30, 2023 and September 30, 2022 are summarized as follows:

			Climate Technologies																		ISE																		Total
						Sept. 30,									June 30,									Sept. 30,									June 30,									Sept. 30,									June 30,
Assets						2022									2023									2022									2023									2022									2023
Receivables						$	747								—									68									—									815									—
Inventories						449									—									81									—									530									—
Other current assets						49									—									4									—									53									—
Property, plant & equipment, net						1,122									—									141									—									1,263									—
Goodwill						716									—									2									—									718									—
Other noncurrent assets						265									—									12									—									277									—
Total assets held-for-sale						$	3,348								—									308									—									3,656									—
Liabilities
Accounts payable						$	752								—									60									—									812									—
Other current liabilities						475									—									61									—									536									—
Deferred taxes and other      noncurrent liabilities						154									—									13									—									167									—
Total liabilities held-for-sale						$	1,381								—									134									—									1,515									—

Net cash from operating and investing activities for Climate Technologies, InSinkErator and Therm-O-Disc for the nine months ended June 30, 2023 and 2022 were as follows:

			Climate Technologies																		ISE and TOD																					Total
			Nine Months Ended June 30,																		Nine Months Ended June 30,																		Nine Months Ended June 30,
						2022									2023									2022									2023									2022									2023
Cash from operating activities						$	486								156									(16)									(595)									470									(439)
Cash from investing activities						$	(112)								9,430									551									3,055									439									12,485

Cash from operating activities for the nine months ended June 30, 2023 reflects approximately $750 of income taxes paid related to the gain on the InSinkErator divestiture and the Climate Technologies subsidiary restructurings and the impact from transaction fees. Cash from investing activities for the nine months ended June 30, 2023 reflects the proceeds of approximately $9.7 billion related to the Copeland transaction and approximately $3.0 billion related to the InSinkErator divestiture.

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Restructuring expense reflects costs associated with the Company’s ongoing efforts to improve operational efficiency and deploy assets globally in order to remain competitive on a worldwide basis. The Company expects fiscal 2023 restructuring expense and related costs to be approximately $110, including costs to complete actions initiated in the first nine months of the year.

Restructuring expense by business segment follows:

			Three Months Ended June 30,																		Nine Months Ended June 30,
			2022									2023									2022									2023
Final Control						$	8								(2)									12									(1)
Measurement & Analytical						4									1									9									2
Discrete Automation						1									12									4									20
Safety & Productivity						(1)									(1)									—									1
Intelligent Devices						12									10									25									22
Control Systems & Software						7									1									8									7
AspenTech						1									—									1									—
Software and Control						8									1									9									7
Corporate						9									1									10									12
Total						$	29								12									44									41

Details of the change in the liability for restructuring costs during the nine months ended June 30, 2023 follow:

			Sept 30, 2022									Expense									Utilized/Paid									June 30, 2023
Severance and benefits						$	117								18									49									86
Other						5									23									26									2
Total						$	122								41									75									88

The tables above do not include $11 and $1 of costs related to restructuring actions incurred for the three months ended June 30, 2022 and 2023, respectively, that are required to be reported in cost of sales and selling, general and administrative expenses; year-to-date amounts are $24 and $13, respectively.

Income taxes were $158 in the third quarter of fiscal 2023 and $123 in 2022, resulting in effective tax rates of 21 percent and 33 percent, respectively. The prior year rate reflected a 12 percentage point impact from the Russia business exit.

Income taxes were $390 in the first nine of months of fiscal 2023 and $399 in 2022, resulting in effective tax rates of 21 percent and 22 percent, respectively. The prior year rate reflected the impact of the Russia business exit which was essentially offset by a benefit related to the completion of tax examinations.

On March 27, 2020, the CARES Act was enacted in response to the COVID-19 pandemic, and among other things, provides tax relief to businesses. Tax provisions of the CARES Act include the deferral of certain payroll taxes, relief for retaining employees, and other provisions. The Company deferred $73 of certain payroll taxes through the end of calendar year 2020, of which approximately $37 was paid in December 2021 and the remainder was paid in December 2022.

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As discussed in Note 5, the Company completed the divestiture of a majority stake in Copeland on May 31, 2023, and received upfront, pre-tax cash proceeds of approximately $9.7 billion and a note receivable with a face value of $2.25 billion, while retaining a 40 percent non-controlling common equity interest in Copeland. As a result of the transaction, the Company deconsolidated Copeland from its financial statements, as it no longer has a controlling interest, and initially recognized its common equity investment and note receivable at fair values of $1,359 and $2,052, respectively. The fair value of the common equity investment was determined using a discounted cash flow model, which included estimating financial projections for Copeland and applying an appropriate discount rate, and an option pricing model based on various assumptions. Fair value for the note receivable was determined using a market approach primarily based on interest rates for companies with similar credit quality and the expected duration of the note.

The Company records its share of Copeland's income or loss using the equity method of accounting. For the three and nine months ended June 30, 2023 the Company recorded a loss of $61 in Other deductions to reflect its share of Copeland's reported GAAP losses and a tax benefit of $10 in Income taxes related to Copeland's U.S. business, which is taxed as a partnership (in total, $0.09 per share). The Company recognized non-cash interest income on the note receivable of $10, which is reported in Interest income from related party and capitalized to the carrying value of the note.

As of June 30, 2023, the carrying values of the retained equity investment and note receivable were $1,296 and $2,063, respectively. During the three months ended June 30, 2023, the Company settled a note receivable and note payable with Copeland of $918, which is reported in Investing and Financing cash flows, respectively.

Summarized financial information for Copeland for the three and nine months ended June 30, 2023 is as follows. Copeland's results only reflect activity subsequent to the Company's divestiture of its majority stake.

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Property, plant and equipment, net
Property, plant and equipment, at cost						$	5,390								5,486
Less: Accumulated depreciation						3,151									3,218
Total						$	2,239								2,268

Goodwill by business segment
Final Control						$	2,605								2,689
Measurement & Analytical						1,112									1,191
Discrete Automation						807									851
Safety & Productivity						364									398
Intelligent Devices						4,888									5,129
Control Systems & Software						732									672
AspenTech						8,326									8,330
Software and Control						9,058									9,002
Total						$	13,946								14,131

Other intangible assets
Gross carrying amount						$	9,671								9,839
Less: Accumulated amortization						3,099									3,692
Net carrying amount						$	6,572								6,147

Other intangible assets include customer relationships, net, of $3,436 and $3,261 and intellectual property, net, of $2,934 and $2,685 as of September 30, 2022 and June 30, 2023, respectively.

			Three Months Ended June 30,												Nine Months Ended June 30,
			2022						2023						2022						2023
Depreciation and amortization expense include the following:
Depreciation expense			$	77					67						240						213
Amortization of intangibles (includes $31, $49, $59 and $147 reported in Cost of Sales, respectively)			124						169						266						504
Amortization of capitalized software			21						21						65						63
Total			$	222					257						571						780

Amortization of intangibles included $99 and $297, related to the Heritage AspenTech acquisition for the three and nine months ended June 30, 2023, respectively, compared to $49 for the three and nine months ended June 30, 2022. For the three and nine months ended June 30, 2022, $5 of amortization of intangibles included in the table above is reported as a restructuring related cost.

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			Sept 30, 2022									June 30, 2023
Other assets include the following:
Pension assets						$	865								998
Unbilled receivables (contract assets)						428									536
Operating lease right-of-use assets						439									508
Deferred income taxes						85									100
Asbestos-related insurance receivables						68									66

Accrued expenses include the following:
Customer advances (contract liabilities)						$	751								946
Employee compensation						523									531
Income taxes						125									1,721
Operating lease liabilities (current)						128									146
Product warranty						84									90

The increase in Income taxes was due to remaining income taxes payable of approximately $1.5 billion related to the Copeland transaction and the gain on the InSinkErator divestiture, which are largely expected to be paid by the end of fiscal 2023. See Note 5.

Other liabilities include the following:
Deferred income taxes						$	1,714								2,006
Pension and postretirement liabilities						427									452
Operating lease liabilities (noncurrent)						312									360
Asbestos litigation						205									178

Deferred income taxes included approximately $540 related to the Copeland transaction as of June 30, 2023.

Hedging Activities – As of June 30, 2023, the notional amount of foreign currency hedge positions was approximately $2.3 billion. All derivatives receiving hedge accounting are cash flow hedges. The majority of hedging gains and losses deferred as of June 30, 2023 are expected to be recognized over the next 12 months as the underlying forecasted transactions occur. Gains and losses on foreign currency derivatives reported in Other deductions, net reflect hedges of balance sheet exposures that do not receive hedge accounting.

Net Investment Hedge – In fiscal 2019, the Company issued euro-denominated debt of €1.5 billion. The euro notes reduce foreign currency risk associated with the Company's international subsidiaries that use the euro as their functional currency and have been designated as a hedge of a portion of the investment in these operations. Foreign currency gains or losses associated with the euro-denominated debt are deferred in accumulated other comprehensive income (loss) and will remain until the hedged investment is sold or substantially liquidated.

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The following gains and losses are included in earnings and other comprehensive income (OCI) for the three and nine months ended June 30, 2022 and 2023:

												Into Earnings																								Into OCI
												3rd Quarter												Nine Months												3rd Quarter												Nine Months
Gains (Losses)						Location						2022						2023						2022						2023						2022						2023						2022						2023
Commodity						Cost of sales						$	5					(9)						18						(19)						(32)						(13)						(9)						6
Foreign currency						Sales						(1)						—						—						(2)						(3)						(2)						(5)						1
Foreign currency						Cost of sales						10						42						21						60						15						24						32						38
Foreign currency						Other deductions, net						56						(91)						108						(108)
Net Investment Hedges
Euro denominated debt																		16												16						84						(46)						163						(183)
Total												$	70					(42)						147						(53)						64						(37)						181						(138)

Regardless of whether derivatives and non-derivative financial instruments receive hedge accounting, the Company expects hedging gains or losses to be offset by losses or gains on the related underlying exposures. The amounts ultimately recognized will differ from those presented above for open positions, which remain subject to ongoing market price fluctuations until settlement. Derivatives receiving hedge accounting are highly effective and no amounts were excluded from the assessment of hedge effectiveness.

Equity Investment – The Company has an equity investment in National Instruments Corporation ("NI"), valued at $128 as of June 30, 2023 (reported in Other current assets), and recognized a mark-to-market gain of $12 and $47 for the three and nine months ended June 30, 2023, respectively. On April 12, 2023, Emerson announced an agreement to acquire NI for $60 per share in cash for the remaining shares not already owned by Emerson. See Note 4.

Fair Value Measurement – Valuations for all derivatives and the Company's long-term debt fall within Level 2 of the GAAP valuation hierarchy. As of June 30, 2023, the fair value of long-term debt was approximately $7.2 billion, which was lower than the carrying value by $1,055. The fair value of foreign currency contracts, which are reported in Other current assets and Accrued expenses, did not materially change since September 30, 2022. Commodity contracts, which related to discontinued operations, were novated to Copeland upon the completion of the transaction and therefore no amounts are reported in the Company's balance sheet as of June 30, 2023. The fair value of the Company's equity investment in National Instruments falls within Level 1 and was based on the most recent quoted closing market price from its principal exchange for the period ended June 30, 2023.

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As disclosed in Note 5, the financial results of Climate Technologies, InSinkErator and Therm-O-Disc are reported as discontinued operations for all periods presented. As a result of these portfolio actions, the Company has realigned its business segments and now reports six segments and two business groups, which are highlighted in the table below. The Company also reclassified certain product sales that were previously reported in Control Systems & Software to Discrete Automation.

INTELLIGENT DEVICES

SOFTWARE AND CONTROL

•Final Control

•Control Systems & Software

•Measurement & Analytical

•AspenTech

•Discrete Automation

•Safety & Productivity

The new segments were previously described as follows: Final Control was the Valves, Actuators & Regulators product offering; Measurement & Analytical was the Measurement & Analytical instrumentation product offering; Discrete Automation was the Industrial Solutions product offering; Safety & Productivity was the Tools & Home Products segment, excluding the divested InSinkErator business; Control Systems & Software was the Systems & Software product offering; and, AspenTech remains unchanged. The AspenTech segment was identified in the third quarter of fiscal 2022 as a result of the Heritage AspenTech acquisition and reflects the combined results of Heritage AspenTech and the Emerson Industrial Software Business (see Note 4 for further details). The results for this new segment include the historical results of the Emerson Industrial Software Business (which were previously reported in

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the Control Systems & Software segment), while results related to the Heritage AspenTech business only include periods subsequent to the close of the transaction. Prior year amounts have been reclassified to conform to the current year presentation.

			Three Months Ended June 30,																								Nine Months Ended June 30,
			Sales												Earnings												Sales												Earnings
			2022						2023						2022						2023						2022						2023						2022						2023
Final Control			$	905					1,035						150						245						2,606						2,889						424						618
Measurement & Analytical			788						913						189						257						2,294						2,550						535						661
Discrete Automation			633						668						115						124						1,894						1,969						365						378
Safety & Productivity			360						363						69						82						1,066						1,034						199						228
Intelligent Devices			2,686						2,979						523						708						7,860						8,442						1,523						1,885
Control Systems & Software			568						663						77						144						1,711						1,892						294						378
AspenTech			239						320						57						27						405						793						51						(60)
Software and Control			807						983						134						171						2,116						2,685						345						318
Stock compensation															(15)						(56)																		(92)						(198)
Unallocated pension and postretirement costs															25						42																		76						133
Corporate and other															(239)						(43)																		(336)						(154)
Gain on subordinated interest															—						—																		453						—
Loss on Copeland equity method investment															—						(61)																		—						(61)
Eliminations/Interest			(28)						(16)						(50)						(10)						(64)						(52)						(140)						(111)
Interest income from related party															—						10																								10
Total			$	3,465					3,946						378						761						9,912						11,075						1,829						1,822

Corporate and other for the three and nine months ended June 30, 2022 included a loss of $162 related to the Company's exit of business operations in Russia and a loss of $47 for the nine months ended June 30, 2023.

Depreciation and amortization (includes intellectual property, customer relationships and capitalized software) by business segment are summarized below:

			Three Months Ended June 30,															Nine Months Ended June 30,
						2022						2023									2022						2023
Final Control						$	53					39									156						129
Measurement & Analytical						27						26									88						84
Discrete Automation						22						20									67						63
Safety & Productivity						15						15									44						44
Intelligent Devices						117						100									355						320
Control Systems & Software						24						22									71						67
AspenTech						72						123									119						369
Software and Control						96						145									190						436
Corporate and other						9						12									26						24
Total						$	222					257									571						780

---

Sales by geographic destination, Americas, Asia, Middle East & Africa ("AMEA") and Europe, are summarized below:

			Three Months Ended June 30,																											Three Months Ended June 30,
			2022																											2023
						Americas						AMEA						Europe						Total						Americas						AMEA						Europe						Total
Final Control						$	434					338						133						905						498						399						138						1,035
Measurement & Analytical						397						274						117						788						482						303						128						913
Discrete Automation						320						150						163						633						312						180						176						668
Safety & Productivity						270						20						70						360						269						18						76						363
Intelligent Devices						1,421						782						483						2,686						1,561						900						518						2,979
Control Systems & Software						289						166						113						568						322						207						134						663
AspenTech						131						50						58						239						111						104						105						320
Software and Control						420						216						171						807						433						311						239						983
Total						$	1,841					998						654						3,493						1,994						1,211						757						3,962
			Nine Months Ended June 30,																											Nine Months Ended June 30,
			2022																											2023
						Americas						AMEA						Europe						Total						Americas						AMEA						Europe						Total
Final Control						$	1,197					1,012						397						2,606						1,438						1,069						382						2,889
Measurement & Analytical						1,069						865						360						2,294						1,333						853						364						2,550
Discrete Automation						890						504						500						1,894						914						539						516						1,969
Safety & Productivity						801						52						213						1,066						777						51						206						1,034
Intelligent Devices						3,957						2,433						1,470						7,860						4,462						2,512						1,468						8,442
Control Systems & Software						839						514						358						1,711						930						578						384						1,892
AspenTech						233						85						87						405						337						228						228						793
Software and Control						1,072						599						445						2,116						1,267						806						612						2,685
Total						$	5,029					3,032						1,915						9,976						5,729						3,318						2,080						11,127

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v3.23.2

Cover	9 Months Ended
	Jun. 30, 2023 shares
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	1-278
Entity Registrant Name	EMERSON ELECTRIC CO.
Entity Central Index Key	0000032604
Current Fiscal Year End Date	--09-30
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Entity Incorporation, State or Country Code	MO
Entity Tax Identification Number	43-0259330
Entity Address, Address Line One	8000 W. Florissant Ave.
Entity Address, Address Line Two	P.O. Box 4100
Entity Address, City or Town	St. Louis,
Entity Address, State or Province	MO
Entity Address, Postal Zip Code	63136
City Area Code	314
Local Phone Number	553-2000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	571,500,000
Amendment Flag	false
NEW YORK STOCK EXCHANGE, INC. [Member] | Common Stock of $0.50 par value per share [Member]
Entity Information [Line Items]
Title of 12(b) Security	Common Stock of $0.50 par value per share
Trading Symbol	EMR
Security Exchange Name	NYSE
NEW YORK STOCK EXCHANGE, INC. [Member] | 0.375% Notes due 2024 [Member]
Entity Information [Line Items]
Title of 12(b) Security	0.375% Notes due 2024
Trading Symbol	EMR 24
Security Exchange Name	NYSE
NEW YORK STOCK EXCHANGE, INC. [Member] | 1.250% Notes due 2025 [Member]
Entity Information [Line Items]
Title of 12(b) Security	1.250% Notes due 2025
Trading Symbol	EMR 25A
Security Exchange Name	NYSE
NEW YORK STOCK EXCHANGE, INC. [Member] | 2.000% Notes due 2029 [Member]
Entity Information [Line Items]
Title of 12(b) Security	2.000% Notes due 2029
Trading Symbol	EMR 29
Security Exchange Name	NYSE
CHICAGO STOCK EXCHANGE, INC [Member] | Common Stock of $0.50 par value per share [Member]
Entity Information [Line Items]
Title of 12(b) Security	Common Stock of $0.50 par value per share
Trading Symbol	EMR
Security Exchange Name	CHX

v3.23.2

Consolidated Statements Of Earnings - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Net sales	$ 3,946	$ 3,465	$ 11,075	$ 9,912
Cost of sales	1,952	1,879	5,660	5,435
Selling, general and administrative expenses	1,042	894	3,072	2,631
Gain on subordinated interest	0	0	0	(453)
Other deductions, net	191	264	420	330
Interest expense (net of interest income of $58, $11, $96, and $18, respectively)	10	50	111	140
Interest income from related party	(10)	0	(10)	0
Earnings from continuing operations before income taxes	761	378	1,822	1,829
Income taxes	158	123	390	399
Earnings from continuing operations	603	255	1,432	1,430
Discontinued operations, net of tax: $2,014, $120, $3,019 and $260, respectively	8,763	697	11,030	1,092
Net earnings	9,366	952	12,462	2,522
Less: Noncontrolling interests in subsidiaries	14	31	(13)	31
Net earnings common stockholders	9,352	921	12,475	2,491
Earnings from continuing operations common stockholders	592	226	1,451	1,400
Earnings from discontinued operations common stockholders	$ 8,760	$ 695	$ 11,024	$ 1,091
Earnings from continuing operations, per basic share	$ 1.04	$ 0.38	$ 2.52	$ 2.36
Earnings from discontinued operations, per basic share	15.32	1.17	19.15	1.83
Earnings Per Share, Basic	16.36	1.55	21.67	4.19
Earnings from continuing operations, per diluted share	1.03	0.38	2.51	2.34
Earnings from discontinued operations, per diluted share	15.25	1.16	19.05	1.83
Earnings Per Share, Diluted	$ 16.28	$ 1.54	$ 21.56	$ 4.17
Weighted Average Number of Shares Outstanding, Basic	570.9	592.8	575.1	593.6
Weighted Average Number of Shares Outstanding, Diluted	574.0	596.2	578.1	596.9

v3.23.2

Consolidated Statements Of Earnings (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Interest income	$ 58	$ 11	$ 96	$ 18
Discontinued operation taxes	$ 2,014	$ 120	$ 3,019	$ 260

v3.23.2

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Net earnings	$ 9,366	$ 952	$ 12,462	$ 2,522
Other comprehensive income (loss), net of tax:
Foreign currency translation	86	(187)	437	(319)
Pension and postretirement	10	18	(23)	54
Cash flow hedges	(19)	(27)	4	(17)
Total other comprehensive income (loss)	77	(196)	418	(282)
Comprehensive income	9,443	756	12,880	2,240
Less: Noncontrolling interests in subsidiaries	15	30	(8)	29
Comprehensive income common stockholders	$ 9,428	$ 726	$ 12,888	$ 2,211

v3.23.2

Consolidated Balance Sheets - USD ($) shares in Millions, $ in Millions	Jun. 30, 2023	Sep. 30, 2022
Current assets
Cash and equivalents	$ 9,957	$ 1,804
Receivables, less allowances of $100 and $100, respectively	2,491	2,261
Inventories	2,085	1,742
Other current assets	1,227	1,301
Current assets held-for-sale	0	1,398
Total current assets	15,760	8,506
Property, plant and equipment, net	2,268	2,239
Other assets
Goodwill	14,131	13,946
Other intangible assets	6,147	6,572
Copeland note receivable and equity investment	3,359	0
Other	2,508	2,151
Noncurrent assets held-for-sale	0	2,258
Total other assets	26,145	24,927
Total assets	44,173	35,672
Current liabilities
Short-term borrowings and current maturities of long-term debt	667	2,115
Accounts payable	1,218	1,276
Accrued expenses	4,729	3,038
Current liabilities held-for-sale	0	1,348
Total current liabilities	6,614	7,777
Long-term debt	7,642	8,259
Other Liabilities, Noncurrent	3,504	3,153
Noncurrent liabilities held-for-sale	0	167
Equity
Common stock, $0.50 par value; authorized, 1,200.0 shares; issued, 953.4 shares; outstanding, 591.4 shares and 571.5 shares, respectively	477	477
Additional paid-in-capital	112	57
Retained earnings	39,624	28,053
Accumulated other comprehensive income (loss)	(1,072)	(1,485)
Cost of common stock in treasury, 381.9 shares and 362.0 shares, respectively	(18,677)	(16,738)
Common stockholders’ equity	20,464	10,364
Noncontrolling interests in subsidiaries	5,949	5,952
Total equity	26,413	16,316
Total liabilities and equity	$ 44,173	$ 35,672
Treasury Stock, Common, Shares	381.9	362.0

v3.23.2

Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Millions, $ in Millions	Jun. 30, 2023	Sep. 30, 2022
Statement of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 100	$ 100
Common stock, par value per share	$ 0.50	$ 0.50
Common stock, shares authorized	1,200.0	1,200.0
Common stock, shares issued	953.4	953.4
Common stock, shares outstanding	571.5	591.4

v3.23.2

Consolidated Statement of Equity Statement - USD ($) $ in Millions	Total	AspenTech	Common stock	Additional paid-in-capital	Retained earnings	Accumulated other comprehensive income (loss)	Treasury Stock, Common	Noncontrolling interests in subsidiaries
Beginning balance at Sep. 30, 2021				$ 522	$ 26,047	$ (872)	$ (16,291)	$ 40
Statement [Roll Forward]
Stock plans				70
Adjustments to Additional Paid in Capital, Other				(550)
Net earnings common stockholders	$ 2,491				2,491
Dividends paid (per share: $0.52, $0.515, $1.56 and $1.545 respectively)					(920)			(2)
Foreign currency translation	(319)					(317)
Pension and postretirement	(54)					54
Cash flow hedges	(17)					(17)
Purchases				0			(430)	0
Issued under stock plans							51
Net earnings								31
Stock compensation								15
Other comprehensive income	(282)							(2)
Ending balance at Jun. 30, 2022	$ 16,287		$ 477	42	27,618	(1,152)	(16,670)	5,972
Statement [Roll Forward]
Dividends paid	$ 1.545
AspenTech acquisition								5,890
Climate Technologies divestiture								0
Beginning balance at Sep. 30, 2021				522	26,047	(872)	(16,291)	40
Statement [Roll Forward]
Adjustments to Additional Paid in Capital, Other		$ 550
Ending balance at Sep. 30, 2022	$ 16,316			57	28,053	(1,485)	(16,738)	5,952
Beginning balance at Mar. 31, 2022				579	27,003	(957)	(16,527)	39
Statement [Roll Forward]
Stock plans				13
Adjustments to Additional Paid in Capital, Other				(550)
Net earnings common stockholders	921				921
Dividends paid (per share: $0.52, $0.515, $1.56 and $1.545 respectively)					(306)			(2)
Foreign currency translation	(187)					(186)
Pension and postretirement	(18)					18
Cash flow hedges	(27)					(27)
Purchases				0			(145)	0
Issued under stock plans							2
Net earnings								31
Stock compensation								15
Other comprehensive income	(196)							(1)
Ending balance at Jun. 30, 2022	$ 16,287		477	42	27,618	(1,152)	(16,670)	5,972
Statement [Roll Forward]
Dividends paid	$ 0.515
AspenTech acquisition								5,890
Climate Technologies divestiture								0
Common stockholders' equity	$ 10,315
Common stockholders' equity	10,364
Beginning balance at Sep. 30, 2022	16,316			57	28,053	(1,485)	(16,738)	5,952
Statement [Roll Forward]
Stock plans				111
Adjustments to Additional Paid in Capital, Other				0
Net earnings common stockholders	12,475				12,475
Dividends paid (per share: $0.52, $0.515, $1.56 and $1.545 respectively)					(904)			(1)
Foreign currency translation	437					432
Pension and postretirement	23					(23)
Cash flow hedges	4					4
Purchases				(56)			(2,000)	(44)
Issued under stock plans							61
Net earnings								(13)
Stock compensation								79
Other comprehensive income	418							5
Ending balance at Jun. 30, 2023	$ 26,413		477	112	39,624	(1,072)	(18,677)	5,949
Statement [Roll Forward]
Dividends paid	$ 1.56
AspenTech acquisition								0
Climate Technologies divestiture								(29)
Beginning balance at Mar. 31, 2023				138	30,571	(1,148)	(18,678)	5,987
Statement [Roll Forward]
Stock plans				30
Adjustments to Additional Paid in Capital, Other				0
Net earnings common stockholders	$ 9,352				9,352
Dividends paid (per share: $0.52, $0.515, $1.56 and $1.545 respectively)					(299)			(1)
Foreign currency translation	86					85
Pension and postretirement	(10)					10
Cash flow hedges	(19)					(19)
Purchases				(56)			0	(44)
Issued under stock plans							1
Net earnings								14
Stock compensation								21
Other comprehensive income	77							1
Ending balance at Jun. 30, 2023	$ 26,413		$ 477	$ 112	$ 39,624	$ (1,072)	$ (18,677)	5,949
Statement [Roll Forward]
Dividends paid	$ 0.52
AspenTech acquisition								0
Climate Technologies divestiture								$ (29)
Common stockholders' equity	$ 20,464

v3.23.2

Consolidated Statement of Equity (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Dividends paid, per share	$ 0.52	$ 0.515	$ 1.56	$ 1.545

v3.23.2

Consolidated Statements Of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Operating activities
Net earnings	$ 12,462	$ 2,522
Earnings from discontinued operations, net of tax	(11,030)	(1,092)
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	780	571
Stock compensation	198	91
Total changes in operating working capital	(369)	(361)
Gain on subordinated interest	0	(453)
Other, net	(322)	(43)
Cash from continuing operations	1,719	1,235
Cash from discontinued operations	(439)	470
Cash provided by operating activities	1,280	1,705
Investing activities
Capital expenditures	(194)	(199)
Purchases of businesses, net of cash and equivalents acquired	0	(5,615)
Proceeds from subordinated interest	15	438
Proceeds from Related Party Debt	918	0
Other, net	(124)	(38)
Investing cash from continuing operations	615	(5,414)
Investing cash from discontinued operations	12,485	439
Cash provided by (used in) investing activities	13,100	(4,975)
Financing activities
Net increase (decrease) in short-term borrowings	(1,476)	1,633
Proceeds from short-term borrowings greater than three months	395	1,162
Repayments of Debt, Maturing in More than Three Months	(400)	(445)
Proceeds from long-term debt	0	2,975
Payments of long-term debt	(744)	(512)
Dividends paid	(900)	(918)
Payment of related party note payable	(918)	0
Other, net	(159)	80
Cash provided by (used in) financing activities	(6,302)	3,557
Effect of exchange rate changes on cash and equivalents	75	(112)
Increase (Decrease) in cash and equivalents	8,153	175
Beginning cash and equivalents	1,804	2,354
Ending cash and equivalents	9,957	2,529
Changes in operating working capital
Receivables	(114)	31
Inventories	(259)	(353)
Other current assets	27	(75)
Accounts payable	(71)	64
Accrued expenses	48	(28)
Total changes in operating working capital	(369)	(361)
Parent Company
Financing activities
Purchases of common stock	(2,000)	(418)
Subsidiaries
Financing activities
Purchases of common stock	$ (100)	$ 0

v3.23.2

Basis of Presentation	9 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	BASIS OF PRESENTATION In the opinion of management, the accompanying unaudited consolidated financial statements include all adjustments necessary for a fair presentation of operating results for the interim periods presented. Adjustments consist of normal and recurring accruals. The consolidated financial statements are presented in accordance with the requirements of Form 10-Q and consequently do not include all disclosures required for annual financial statements presented in conformity with U.S. generally accepted accounting principles (GAAP). For further information, refer to the consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended September 30, 2022. Over the past two years, Emerson Electric Co. ("Emerson" or the "Company") has taken significant actions to accelerate the transformation of its portfolio through the completion of strategic acquisitions and divestitures of non-core businesses. The Company's recent portfolio actions include the combination of its industrial software businesses with Aspen Technology, Inc., with the Company owning 55 percent of the outstanding shares of the combined entity on a fully diluted basis upon closing of the transaction on May 16, 2022, the sale of its Therm-O-Disc business, which was completed on May 31, 2022, the sale of its InSinkErator business, which was completed on October 31, 2022, the sale of a majority stake in its Climate Technologies business, which was completed on May 31, 2023, and the pending acquisition of National Instruments Corporation ("NI"), which was approved by NI shareholders on June 29, 2023 and is expected to close in the first half of Emerson’s fiscal 2024, subject to the completion of customary closing conditions and regulatory approvals. Certain prior year amounts have been reclassified to conform to the current year presentation. This includes reporting financial results for Climate Technologies, InSinkErator and Therm-O-Disc as discontinued operations for all periods presented, and the assets and liabilities of Climate Technologies and InSinkErator (prior to completion of the divestitures) as held-for-sale (see Note 5). In addition, as a result of its portfolio transformation, the Company now reports six segments and two business groups (see Note 14).

v3.23.2

Revenue Recognition	9 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue Recognition	REVENUE RECOGNITION Emerson is a global manufacturer that combines technology and engineering to provide innovative solutions to its customers, largely in the form of tangible products. The majority of the Company's revenues relate to a broad offering of manufactured products which are recognized at the point in time when control transfers, while a smaller portion is recognized over time or relates to sales arrangements with multiple performance obligations. See Note 14 for additional information about the Company's revenues. The following table summarizes the balances of the Company's unbilled receivables (contract assets), which are reported in Other assets (current and noncurrent), and its customer advances (contract liabilities), which are reported in Accrued expenses and Other liabilities.      Sept 30, 2022 June 30, 2023 Unbilled receivables (contract assets) $ 1,390  1,385  Customer advances (contract liabilities) (776) (985)       Net contract assets (liabilities) $ 614  400       The majority of the Company's contract balances relate to (1) arrangements where revenue is recognized over time and payments from customers are made according to a contractual billing schedule, and (2) revenue from term software license arrangements sold by AspenTech where the license revenue is recognized upfront upon delivery. The decrease in net contract assets was due to customer billings exceeding revenue recognized for performance completed during the period. Revenue recognized for the three and nine months ended June 30, 2023 included $59 and $500, respectively, that was included in the beginning contract liability balance. Other factors that impacted the change in net contract assets were immaterial. Revenue recognized for the three and nine months ended June 30, 2023 for performance obligations that were satisfied in previous periods, including cumulative catchup adjustments on the Company's long-term contracts, was not material. As of June 30, 2023, the Company's backlog relating to unsatisfied (or partially unsatisfied) performance obligations in contracts with its customers was approximately $8.2 billion (of which $1.3 billion was attributable to AspenTech). The Company expects to recognize approximately 80 percent of its remaining performance obligations as revenue over the next 12 months, with the remainder substantially over the following two years.

v3.23.2

Common Shares and Share-Based Compensation	9 Months Ended
	Jun. 30, 2023
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Common Shares and Share-Based Compensation	COMMON SHARESReconciliations of weighted-average shares for basic and diluted earnings per common share follow. Earnings allocated to participating securities were inconsequential. Three Months Ended June 30, Nine Months Ended June 30,   2022  2023  2022  2023  Basic shares outstanding 592.8  570.9  593.6  575.1  Dilutive shares 3.4  3.1  3.3  3.0  Diluted shares outstanding 596.2  574.0  596.9  578.1

v3.23.2

Acquisitions and Divestitures	9 Months Ended
	Jun. 30, 2023
Business Combinations [Abstract]
Acquisitions and Divestitures	ACQUISITIONS AND DIVESTITURES Aspen Technology On May 16, 2022, the Company completed the transactions contemplated by its definitive agreement with Aspen Technology, Inc. ("Heritage AspenTech") to contribute two of Emerson's stand-alone industrial software businesses, Open Systems International, Inc. and the Geological Simulation Software business (collectively, the “Emerson Industrial Software Business”), along with approximately $6.0 billion in cash to Heritage AspenTech stockholders, to create "New AspenTech", a diversified, high-performance industrial software leader with greater scale, capabilities and technologies (defined as "AspenTech" herein). Upon closing of the transaction, Emerson owned 55 percent of the outstanding shares of AspenTech common stock (on a fully diluted basis) and former Heritage AspenTech stockholders owned the remaining outstanding shares of AspenTech common stock. AspenTech and its subsidiaries now operate under Heritage AspenTech’s previous name “Aspen Technology, Inc.” and AspenTech common stock is traded on NASDAQ under AspenTech’s previous stock ticker symbol “AZPN.” The business combination has been accounted for using the acquisition method of accounting with Emerson considered the accounting acquirer of Heritage AspenTech. The net assets of Heritage AspenTech were recorded at their estimated fair value and for the Emerson Industrial Software Business continue at their historical basis. The Company recorded a noncontrolling interest of $5.9 billion for the 45 percent ownership interest of former Heritage AspenTech stockholders in AspenTech. The noncontrolling interest associated with the Heritage AspenTech acquired net assets was recorded at fair value determined using the closing market price per share of Heritage AspenTech as of May 16, 2022, while the portion attributable to the Emerson Industrial Software business was recorded at its historical carrying amount. The impact of recognizing the noncontrolling interest in the Emerson Industrial Software Business resulted in a decrease to additional paid-in-capital of $550. The following table summarizes the components of the purchase consideration reflected in the acquisition accounting using Heritage AspenTech's shares outstanding and closing market price per share as of May 16, 2022 (in millions except share and per share data): Heritage AspenTech shares outstanding 66,662,482  Heritage AspenTech share price $ 166.30  Purchase price $ 11,086  Value of stock-based compensation awards attributable to pre-combination service 102  Total purchase consideration $ 11,188  The total purchase consideration for Heritage AspenTech was allocated to assets and liabilities as follows. Cash and equivalents $ 274  Receivables 43  Other current assets 280  Property, plant equipment 4  Goodwill ($34 expected to be tax-deductible) 7,225  Other intangible assets 4,390  Other assets 513  Total assets 12,729  Short-term borrowings 27  Accounts payable 8  Accrued expenses 115  Long-term debt 255  Deferred taxes and other liabilities 1,136  Total purchase consideration $ 11,188  Emerson's cash contribution of approximately $6.0 billion was paid out at approximately $87.69 per share (on a fully diluted basis) to holders of issued and outstanding shares of Heritage AspenTech common stock as of the closing of the transactions, with $168 of cash remaining on AspenTech's balance sheet as of the closing which is not included in the allocation of purchase consideration above. The estimated intangible assets attributable to the transaction are comprised of the following (in millions): Amount Estimated Weighted Average Life (Years) Developed technology $ 1,350  10 Customer relationships 2,300  15 Trade names 430  Indefinite-lived Backlog 310  3 Total $ 4,390  Results of operations for the three and nine months ended June 30, 2023 attributable to the Heritage AspenTech acquisition include sales of $257 and $576, respectively, compared to $173 for the three and nine months ended June 30, 2022, while the impact to GAAP net earnings was not material in both years. Pro Forma Financial Information The following unaudited proforma consolidated condensed financial results of operations are presented as if the acquisition of Heritage AspenTech occurred on October 1, 2020. The pro forma information is presented for informational purposes only and is not indicative of the results of operations that would have been achieved had the acquisition occurred as of that time ($ in millions, except per share amounts).   Three Months Ended June 30, Nine Months Ended June 30,   2022  2022  Net Sales $ 3,520  $ 10,326  Net earnings from continuing operations common stockholders $ 268  $ 1,426  Diluted earnings per share from continuing operations $ 0.45  $ 2.39  The pro forma results for the nine months ended June 30, 2022 include $159 of transaction costs which were assumed to be incurred in the first fiscal quarter of 2021. Of these transaction costs, $61 and $91 were included in the Company's reported results for the three and nine months ended June 30, 2022, respectively, but have been excluded from the fiscal 2022 pro forma results above. In addition, Heritage AspenTech incurred $68 of transaction costs prior to the completion of the acquisition that were not included in Emerson's reported results. The pro forma results for the nine months ended June 30, 2022 include estimated interest expense of $56 related to the issuance of $3 billion of term debt and increased commercial paper borrowings to fund the acquisition. Other Transactions On April 12, 2023, Emerson announced an agreement to acquire National Instruments Corporation ("NI") for $60 per share in cash at an equity value of $8.2 billion. The effective price per share is $59.61 considering shares previously acquired by Emerson, see Note 12. NI, which provides software-connected automated test and measurement systems that enable enterprises to bring products to market faster and at a lower cost, had revenues of $1.66 billion in 2022. On June 29, 2023, NI's shareholders voted to approve the proposed transaction and it is expected to close in the first half of Emerson’s fiscal 2024, subject to the completion of customary closing conditions and regulatory approvals. On July 27, 2022, AspenTech entered into an agreement to acquire Micromine, a global leader in design and operational solutions for the mining industry, for AU$900 (approximately $623 USD based on exchange rates when the transaction was announced). On August 1, 2023, AspenTech announced the termination of the agreement to purchase Micromine. AspenTech, along with the sellers of Micromine, had been waiting to secure a final Russian regulatory approval as a condition to the closing of the transaction. As this process continued, the timing and requirements necessary to get this approval became increasingly unclear. This lack of clarity on the potential for, and timing of, a successful review led AspenTech and the sellers of Micromine to this mutual course of action. AspenTech will not pay any termination fee as part of this arrangement. On March 31, 2023, Emerson completed the divestiture of Metran, its Russia-based manufacturing subsidiary. In the first quarter of fiscal 2023, the Company recognized a pretax loss of $47 in Other deductions ($47 after-tax, in total $0.08 per share) related to its exit of business operations in Russia. In the third quarter of fiscal 2022, the Company announced its intention to exit business operations in Russia and recognized a pretax loss of $162 ($174 after-tax, in total $0.29 per share). This charge included a loss of $32 in operations and $130 reported in Other deductions ($9 of which is reported in restructuring costs) and was primarily non-cash. In the first quarter of fiscal 2022, the Company received a distribution of $438 related to its subordinated interest in Vertiv (in total, a pretax gain of $453 was recognized in the first quarter of fiscal 2022, $358 after-tax, $0.60 per share) and received the remaining $15 related to the pretax gain in the first quarter of fiscal 2023. Based on the terms of the agreement and the current calculation, the Company could receive additional distributions of approximately $150 which are expected to be received over the next two-to-three years. However, the distributions are contingent on the timing and price at which Vertiv shares are sold by the equity holders and therefore, there can be no assurance as to the amount or timing of the remaining distributions to the Company.

v3.23.2

Discontinued Operations and Disposal Groups	9 Months Ended
	Jun. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	DISCONTINUED OPERATIONSOn May 31, 2023, the Company completed the previously announced sale of a majority stake in its Climate Technologies business (which constitutes the former Climate Technologies segment, excluding Therm-O-Disc which was divested earlier in fiscal 2022) to private equity funds managed by Blackstone in a $14.0 billion transaction. Emerson received upfront, pre-tax cash proceeds of approximately $9.7 billion (an increase of $0.2 billion from when the transaction was announced due to Blackstone's decision to purchase an additional 5 percent of the common equity) and a note receivable with a face value of $2.25 billion (which will accrue 5 percent interest payable in kind by capitalizing interest), while retaining a 40 percent non-controlling common equity interest (down from 45 percent when the transaction was announced) in a new standalone joint venture between Emerson and Blackstone. The Climate Technologies business, which includes the Copeland compressor business and the entire portfolio of products and services across all residential and commercial HVAC and refrigeration end-markets, had fiscal 2022 net sales of approximately $5.0 billion and pretax earnings of $1.0 billion. The Company recognized a pretax gain of approximately $10.6 billion (approximately $8.4 billion after-tax including tax expense recognized in prior quarters related to subsidiary restructurings). The new standalone business is named Copeland. See Note 10 for further details. On October 31, 2022, the Company completed the divestiture of its InSinkErator business, which manufactures food waste disposers, to Whirlpool Corporation for $3.0 billion. This business had net sales of $630 and pretax earnings of $152 in fiscal 2022. The Company recognized a pretax gain of approximately $2.8 billion (approximately $2.1 billion after-tax) in the first quarter of fiscal 2023. On May 31, 2022 the Company completed the divestiture of its Therm-O-Disc sensing and protection technologies business to an affiliate of One Rock Capital Partners, LLC. The Company recognized a pretax gain of $486 ($429 after-tax) in the third fiscal quarter of 2022. The financial results of Climate Technologies, InSinkErator ("ISE") and Therm-O-Disc ("TOD") (through the completion of the divestitures), are reported as discontinued operations for the three and nine months ended June 30, 2023 and 2022 and were as follows: Climate Technologies ISE and TOD Total   Three Months Ended June 30, Three Months Ended June 30, Three Months Ended June 30,   2022  2023  2022  2023  2022  2023  Net sales $ 1,325  847  215  —  1,540  847  Cost of sales 892  516  137  —  1,029  516  SG&A 129  122  29  —  158  122  Gain on sale of business —  (10,576) —  —  —  (10,576) Other deductions, net 14  8  (478) —  (464) 8  Earnings before income taxes 290  10,777  527  —  817  10,777  Income taxes 63  2,014  57  —  120  2,014  Earnings, net of tax $ 227  8,763  470  —  697  8,763  Climate Technologies ISE and TOD Total Nine Months Ended June 30, Nine Months Ended June 30, Nine Months Ended June 30, 2022  2023  2022  2023  2022  2023  Net sales $ 3,659  3,156  698  49  4,357  3,205  Cost of sales 2,520  2,000  443  29  2,963  2,029  SG&A 383  391  98  8  481  399  Gain on sale of business —  (10,576) —  (2,783) —  (13,359) Other deductions, net 26  75  (465) 12  (439) 87  Earnings before income taxes 730  11,266  622  2,783  1,352  14,049  Income taxes 158  2,366  102  653  260  3,019  Earnings, net of tax $ 572  8,900  520  2,130  1,092  11,030  Climate Technologies' results for the three and nine months ended June 30, 2023 include lower expense of $26 and $96, respectively, due to ceasing depreciation and amortization upon the held-for-sale classification. Other deductions, net for Climate Technologies included $57 of transaction-related costs for the nine months ended June 30, 2023. Income taxes for the nine months ended June 30, 2023 included approximately $2.2 billion for the gain on the Copeland transaction and subsidiary restructurings in prior quarters, and approximately $660 related to the gain on the InSinkErator divestiture. The aggregate carrying amounts of the major classes of assets and liabilities classified as held-for-sale as of June 30, 2023 and September 30, 2022 are summarized as follows: Climate Technologies ISE Total   Sept. 30, June 30, Sept. 30, June 30, Sept. 30, June 30, Assets 2022  2023  2022  2023  2022  2023     Receivables $ 747  —  68  —  815  —     Inventories 449  —  81  —  530  —     Other current assets 49  —  4  —  53  —     Property, plant & equipment, net 1,122  —  141  —  1,263  —     Goodwill 716  —  2  —  718  —     Other noncurrent assets 265  —  12  —  277  —  Total assets held-for-sale $ 3,348  —  308  —  3,656  —  Liabilities    Accounts payable $ 752  —  60  —  812  —     Other current liabilities 475  —  61  —  536  —     Deferred taxes and other      noncurrent liabilities 154  —  13  —  167  —  Total liabilities held-for-sale $ 1,381  —  134  —  1,515  —  Net cash from operating and investing activities for Climate Technologies, InSinkErator and Therm-O-Disc for the nine months ended June 30, 2023 and 2022 were as follows: Climate Technologies ISE and TOD Total   Nine Months Ended June 30, Nine Months Ended June 30, Nine Months Ended June 30,   2022  2023  2022  2023  2022  2023  Cash from operating activities $ 486  156  (16) (595) 470  (439) Cash from investing activities $ (112) 9,430  551  3,055  439  12,485  Cash from operating activities for the nine months ended June 30, 2023 reflects approximately $750 of income taxes paid related to the gain on the InSinkErator divestiture and the Climate Technologies subsidiary restructurings and the impact from transaction fees. Cash from investing activities for the nine months ended June 30, 2023 reflects the proceeds of approximately $9.7 billion related to the Copeland transaction and approximately $3.0 billion related to the InSinkErator divestiture.

v3.23.2

Pension & Postretirement Plans	9 Months Ended
	Jun. 30, 2023
Retirement Benefits [Abstract]
Pension & Postretirement Plans	PENSION & POSTRETIREMENT PLANSTotal periodic pension and postretirement (income) expense is summarized below:   Three Months Ended June 30, Nine Months Ended June 30,   2022  2023  2022  2023  Service cost $ 19  12  $ 57  36  Interest cost 34  54  102  162  Expected return on plan assets (78) (71) (234) (213) Net amortization 23  (18) 69  (58) Total $ (2) (23) $ (6) (73)

v3.23.2

Other Deductions, Net	9 Months Ended
	Jun. 30, 2023
Other Income and Expenses [Abstract]
Other Deductions, Net	OTHER DEDUCTIONS, NETOther deductions, net are summarized below:   Three Months Ended June 30, Nine Months Ended June 30,   2022  2023  2022  2023  Amortization of intangibles (intellectual property and   customer relationships) $ 93  120  207  357  Restructuring costs 29  12  44  41  Acquisition/divestiture costs 61  38  91  48  Foreign currency transaction (gains) losses (11) 22  (38) 41  Investment-related gains & gains from sales of capital   assets —  (26) (16) (63) Loss on Copeland equity method investment —  61  —  61  Russia business exit 121  —  121  47  Other (29) (36) (79) (112) Total $ 264  191  330  420  Intangibles amortization for the three and nine months ended June 30, 2023 included $65 and $193, respectively, related to the Heritage AspenTech acquisition, compared to $32 for the three and nine months ended June 30, 2022. Foreign currency transaction gains/losses for the three and nine months ended June 30, 2023 included a mark-to-market gain of $3 and $24, respectively, related to foreign currency forward contracts entered into by AspenTech to mitigate the impact of foreign currency exchange associated with the Micromine purchase price. On June 21, 2023, AspenTech terminated all outstanding foreign currency forward contracts. The Company recognized a mark-to-market gain of $12 and $47 for the three and nine months ended June 30, 2023, respectively, related to its equity investment in National Instruments Corporation (see Note 12 for further information). Other is composed of several items, including pension expense, litigation costs, provision for bad debt and other items, none of which is individually significant.

v3.23.2

Restructuring Costs	9 Months Ended
	Jun. 30, 2023
Restructuring and Related Activities [Abstract]
Restructuring Costs	RESTRUCTURING COSTS Restructuring expense reflects costs associated with the Company’s ongoing efforts to improve operational efficiency and deploy assets globally in order to remain competitive on a worldwide basis. The Company expects fiscal 2023 restructuring expense and related costs to be approximately $110, including costs to complete actions initiated in the first nine months of the year. Restructuring expense by business segment follows:   Three Months Ended June 30, Nine Months Ended June 30,   2022  2023  2022  2023  Final Control $ 8  (2) 12  (1) Measurement & Analytical 4  1  9  2  Discrete Automation 1  12  4  20  Safety & Productivity (1) (1) —  1  Intelligent Devices 12  10  25  22  Control Systems & Software 7  1  8  7  AspenTech 1  —  1  —  Software and Control 8  1  9  7  Corporate 9  1  10  12  Total $ 29  12  44  41  Details of the change in the liability for restructuring costs during the nine months ended June 30, 2023 follow:   Sept 30, 2022 Expense Utilized/Paid June 30, 2023 Severance and benefits $ 117  18  49  86  Other 5  23  26  2  Total $ 122  41  75  88  The tables above do not include $11 and $1 of costs related to restructuring actions incurred for the three months ended June 30, 2022 and 2023, respectively, that are required to be reported in cost of sales and selling, general and administrative expenses; year-to-date amounts are $24 and $13, respectively.

v3.23.2

Income Taxes	9 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	TAXES Income taxes were $158 in the third quarter of fiscal 2023 and $123 in 2022, resulting in effective tax rates of 21 percent and 33 percent, respectively. The prior year rate reflected a 12 percentage point impact from the Russia business exit. Income taxes were $390 in the first nine of months of fiscal 2023 and $399 in 2022, resulting in effective tax rates of 21 percent and 22 percent, respectively. The prior year rate reflected the impact of the Russia business exit which was essentially offset by a benefit related to the completion of tax examinations. On March 27, 2020, the CARES Act was enacted in response to the COVID-19 pandemic, and among other things, provides tax relief to businesses. Tax provisions of the CARES Act include the deferral of certain payroll taxes, relief for retaining employees, and other provisions. The Company deferred $73 of certain payroll taxes through the end of calendar year 2020, of which approximately $37 was paid in December 2021 and the remainder was paid in December 2022.

v3.23.2

Equity Method Investment and Note Receivable	9 Months Ended
	Jun. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investment and Note Receivable	EQUITY METHOD INVESTMENT AND NOTE RECEIVABLE As discussed in Note 5, the Company completed the divestiture of a majority stake in Copeland on May 31, 2023, and received upfront, pre-tax cash proceeds of approximately $9.7 billion and a note receivable with a face value of $2.25 billion, while retaining a 40 percent non-controlling common equity interest in Copeland. As a result of the transaction, the Company deconsolidated Copeland from its financial statements, as it no longer has a controlling interest, and initially recognized its common equity investment and note receivable at fair values of $1,359 and $2,052, respectively. The fair value of the common equity investment was determined using a discounted cash flow model, which included estimating financial projections for Copeland and applying an appropriate discount rate, and an option pricing model based on various assumptions. Fair value for the note receivable was determined using a market approach primarily based on interest rates for companies with similar credit quality and the expected duration of the note. The Company records its share of Copeland's income or loss using the equity method of accounting. For the three and nine months ended June 30, 2023 the Company recorded a loss of $61 in Other deductions to reflect its share of Copeland's reported GAAP losses and a tax benefit of $10 in Income taxes related to Copeland's U.S. business, which is taxed as a partnership (in total, $0.09 per share). The Company recognized non-cash interest income on the note receivable of $10, which is reported in Interest income from related party and capitalized to the carrying value of the note. As of June 30, 2023, the carrying values of the retained equity investment and note receivable were $1,296 and $2,063, respectively. During the three months ended June 30, 2023, the Company settled a note receivable and note payable with Copeland of $918, which is reported in Investing and Financing cash flows, respectively. Summarized financial information for Copeland for the three and nine months ended June 30, 2023 is as follows. Copeland's results only reflect activity subsequent to the Company's divestiture of its majority stake.   Three and Nine Months Ended June 30,   2023  Net sales $ 435  Gross profit $ 108  Income (loss) from continuing operations $ (150) Net income (loss) $ (150) Net income (loss) attributable to shareholders $ (153)

v3.23.2

Other Financial Information	9 Months Ended
	Jun. 30, 2023
Disclosure Text Block [Abstract]
Other Financial Information	OTHER FINANCIAL INFORMATION Sept 30, 2022 June 30, 2023 Inventories Finished products $ 417  486  Raw materials and work in process 1,325  1,599  Total $ 1,742  2,085  Property, plant and equipment, net     Property, plant and equipment, at cost $ 5,390  5,486  Less: Accumulated depreciation 3,151  3,218       Total $ 2,239  2,268  Goodwill by business segment Final Control $ 2,605  2,689  Measurement & Analytical 1,112  1,191  Discrete Automation 807  851  Safety & Productivity 364  398  Intelligent Devices 4,888  5,129  Control Systems & Software 732  672  AspenTech 8,326  8,330  Software and Control 9,058  9,002       Total $ 13,946  14,131  Other intangible assets     Gross carrying amount $ 9,671  9,839  Less: Accumulated amortization 3,099  3,692       Net carrying amount $ 6,572  6,147  Other intangible assets include customer relationships, net, of $3,436 and $3,261 and intellectual property, net, of $2,934 and $2,685 as of September 30, 2022 and June 30, 2023, respectively. Three Months Ended June 30, Nine Months Ended June 30, 2022  2023  2022  2023  Depreciation and amortization expense include the following: Depreciation expense $ 77  67  240  213  Amortization of intangibles (includes $31, $49, $59 and $147 reported in Cost of Sales, respectively) 124  169  266  504  Amortization of capitalized software 21  21  65  63  Total $ 222  257  571  780  Amortization of intangibles included $99 and $297, related to the Heritage AspenTech acquisition for the three and nine months ended June 30, 2023, respectively, compared to $49 for the three and nine months ended June 30, 2022. For the three and nine months ended June 30, 2022, $5 of amortization of intangibles included in the table above is reported as a restructuring related cost. Sept 30, 2022 June 30, 2023 Other assets include the following: Pension assets $ 865  998  Unbilled receivables (contract assets) 428  536  Operating lease right-of-use assets 439  508  Deferred income taxes 85  100  Asbestos-related insurance receivables 68  66  Accrued expenses include the following: Customer advances (contract liabilities) $ 751  946  Employee compensation 523  531  Income taxes 125  1,721  Operating lease liabilities (current) 128  146  Product warranty 84  90  The increase in Income taxes was due to remaining income taxes payable of approximately $1.5 billion related to the Copeland transaction and the gain on the InSinkErator divestiture, which are largely expected to be paid by the end of fiscal 2023. See Note 5. Other liabilities include the following:     Deferred income taxes $ 1,714  2,006  Pension and postretirement liabilities 427  452  Operating lease liabilities (noncurrent) 312  360  Asbestos litigation 205  178  Deferred income taxes included approximately $540 related to the Copeland transaction as of June 30, 2023.

v3.23.2

Financial Instruments	9 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments	FINANCIAL INSTRUMENTS Hedging Activities – As of June 30, 2023, the notional amount of foreign currency hedge positions was approximately $2.3 billion. All derivatives receiving hedge accounting are cash flow hedges. The majority of hedging gains and losses deferred as of June 30, 2023 are expected to be recognized over the next 12 months as the underlying forecasted transactions occur. Gains and losses on foreign currency derivatives reported in Other deductions, net reflect hedges of balance sheet exposures that do not receive hedge accounting. Net Investment Hedge – In fiscal 2019, the Company issued euro-denominated debt of €1.5 billion. The euro notes reduce foreign currency risk associated with the Company's international subsidiaries that use the euro as their functional currency and have been designated as a hedge of a portion of the investment in these operations. Foreign currency gains or losses associated with the euro-denominated debt are deferred in accumulated other comprehensive income (loss) and will remain until the hedged investment is sold or substantially liquidated. The following gains and losses are included in earnings and other comprehensive income (OCI) for the three and nine months ended June 30, 2022 and 2023: Into Earnings Into OCI 3rd Quarter Nine Months 3rd Quarter Nine Months Gains (Losses) Location 2022  2023  2022  2023  2022  2023  2022  2023  Commodity Cost of sales $ 5  (9) 18  (19) (32) (13) (9) 6  Foreign currency Sales (1) —  —  (2) (3) (2) (5) 1  Foreign currency Cost of sales 10  42  21  60  15  24  32  38  Foreign currency Other deductions, net 56  (91) 108  (108) Net Investment Hedges Euro denominated debt 16  16  84  (46) 163  (183)      Total   $ 70  (42) 147  (53) 64  (37) 181  (138) Regardless of whether derivatives and non-derivative financial instruments receive hedge accounting, the Company expects hedging gains or losses to be offset by losses or gains on the related underlying exposures. The amounts ultimately recognized will differ from those presented above for open positions, which remain subject to ongoing market price fluctuations until settlement. Derivatives receiving hedge accounting are highly effective and no amounts were excluded from the assessment of hedge effectiveness. Equity Investment – The Company has an equity investment in National Instruments Corporation ("NI"), valued at $128 as of June 30, 2023 (reported in Other current assets), and recognized a mark-to-market gain of $12 and $47 for the three and nine months ended June 30, 2023, respectively. On April 12, 2023, Emerson announced an agreement to acquire NI for $60 per share in cash for the remaining shares not already owned by Emerson. See Note 4. Fair Value Measurement – Valuations for all derivatives and the Company's long-term debt fall within Level 2 of the GAAP valuation hierarchy. As of June 30, 2023, the fair value of long-term debt was approximately $7.2 billion, which was lower than the carrying value by $1,055. The fair value of foreign currency contracts, which are reported in Other current assets and Accrued expenses, did not materially change since September 30, 2022. Commodity contracts, which related to discontinued operations, were novated to Copeland upon the completion of the transaction and therefore no amounts are reported in the Company's balance sheet as of June 30, 2023. The fair value of the Company's equity investment in National Instruments falls within Level 1 and was based on the most recent quoted closing market price from its principal exchange for the period ended June 30, 2023. Counterparties to derivatives arrangements are companies with investment-grade credit ratings. The Company has bilateral collateral arrangements with counterparties with credit rating-based posting thresholds that vary depending on the arrangement. If credit ratings on the Company's debt fall below pre-established levels, counterparties can require immediate full collateralization of all derivatives in net liability positions. The maximum amount that could potentially have been required was immaterial. The Company also can demand full collateralization of derivatives in net asset positions should any counterparty credit ratings fall below certain thresholds. No collateral was posted with counterparties and none was held by the Company as of June 30, 2023.

v3.23.2

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Jun. 30, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss)	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Activity in Accumulated other comprehensive income (loss) for the three and nine months ended June 30, 2022 and 2023 is shown below, net of income taxes:  Three Months Ended June 30, Nine Months Ended June 30, 2022  2023  2022  2023  Foreign currency translation    Beginning balance $ (760) (918) (629) (1,265)    Other comprehensive income (loss), net of tax of $(8), $3, $(18) and $35, respectively (186) (10) (317) 337     Reclassified to gain on sale of business —  95  —  95     Ending balance (946) (833) (946) (833) Pension and postretirement    Beginning balance (223) (255) (259) (222) Amortization of deferred actuarial losses into earnings, net of tax of $(5), $6, $(10) and $13, respectively 18  (12) 54  (45)    Reclassified to gain on sale of business —  22  —  22     Ending balance (205) (245) (205) (245) Cash flow hedges    Beginning balance 26  25  16  2  Gains deferred during the period, net of taxes of $5, $(2), $(4) and $(11), respectively (15) 7  14  34     Reclassification of realized (gains) losses to sales and cost of sales, net of tax of $4, $1, $10 and $3, respectively (12) (7) (31) (11)    Reclassified to gain on sale of business —  (19) —  (19)    Ending balance (1) 6  (1) 6  Accumulated other comprehensive income (loss) $ (1,152) (1,072) (1,152) (1,072)

v3.23.2

Business Segments	9 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Business Segments	BUSINESS SEGMENTS As disclosed in Note 5, the financial results of Climate Technologies, InSinkErator and Therm-O-Disc are reported as discontinued operations for all periods presented. As a result of these portfolio actions, the Company has realigned its business segments and now reports six segments and two business groups, which are highlighted in the table below. The Company also reclassified certain product sales that were previously reported in Control Systems & Software to Discrete Automation. INTELLIGENT DEVICES SOFTWARE AND CONTROL •Final Control •Control Systems & Software •Measurement & Analytical •AspenTech •Discrete Automation •Safety & Productivity The new segments were previously described as follows: Final Control was the Valves, Actuators & Regulators product offering; Measurement & Analytical was the Measurement & Analytical instrumentation product offering; Discrete Automation was the Industrial Solutions product offering; Safety & Productivity was the Tools & Home Products segment, excluding the divested InSinkErator business; Control Systems & Software was the Systems & Software product offering; and, AspenTech remains unchanged. The AspenTech segment was identified in the third quarter of fiscal 2022 as a result of the Heritage AspenTech acquisition and reflects the combined results of Heritage AspenTech and the Emerson Industrial Software Business (see Note 4 for further details). The results for this new segment include the historical results of the Emerson Industrial Software Business (which were previously reported in the Control Systems & Software segment), while results related to the Heritage AspenTech business only include periods subsequent to the close of the transaction. Prior year amounts have been reclassified to conform to the current year presentation.   Three Months Ended June 30, Nine Months Ended June 30,   Sales Earnings Sales Earnings   2022  2023  2022  2023  2022  2023  2022  2023  Final Control $ 905  1,035  150  245  2,606  2,889  424  618  Measurement & Analytical 788  913  189  257  2,294  2,550  535  661  Discrete Automation 633  668  115  124  1,894  1,969  365  378  Safety & Productivity 360  363  69  82  1,066  1,034  199  228  Intelligent Devices 2,686  2,979  523  708  7,860  8,442  1,523  1,885  Control Systems & Software 568  663  77  144  1,711  1,892  294  378  AspenTech 239  320  57  27  405  793  51  (60) Software and Control 807  983  134  171  2,116  2,685  345  318  Stock compensation (15) (56) (92) (198) Unallocated pension and postretirement costs 25  42  76  133  Corporate and other (239) (43) (336) (154) Gain on subordinated interest —  —  453  —  Loss on Copeland equity method investment —  (61) —  (61) Eliminations/Interest (28) (16) (50) (10) (64) (52) (140) (111) Interest income from related party —  10  10       Total $ 3,465  3,946  378  761  9,912  11,075  1,829  1,822  Corporate and other for the three and nine months ended June 30, 2022 included a loss of $162 related to the Company's exit of business operations in Russia and a loss of $47 for the nine months ended June 30, 2023. Depreciation and amortization (includes intellectual property, customer relationships and capitalized software) by business segment are summarized below: Three Months Ended June 30, Nine Months Ended June 30, 2022  2023  2022  2023  Final Control $ 53  39  156  129  Measurement & Analytical 27  26  88  84  Discrete Automation 22  20  67  63  Safety & Productivity 15  15  44  44  Intelligent Devices 117  100  355  320  Control Systems & Software 24  22  71  67  AspenTech 72  123  119  369  Software and Control 96  145  190  436  Corporate and other 9  12  26  24       Total $ 222  257  571  780  Sales by geographic destination, Americas, Asia, Middle East & Africa ("AMEA") and Europe, are summarized below: Three Months Ended June 30, Three Months Ended June 30, 2022 2023 Americas AMEA Europe Total Americas AMEA Europe Total Final Control $ 434  338  133  905  498  399  138  1,035  Measurement & Analytical 397  274  117  788  482  303  128  913  Discrete Automation 320  150  163  633  312  180  176  668  Safety & Productivity 270  20  70  360  269  18  76  363  Intelligent Devices 1,421  782  483  2,686  1,561  900  518  2,979  Control Systems & Software 289  166  113  568  322  207  134  663  AspenTech 131  50  58  239  111  104  105  320  Software and Control 420  216  171  807  433  311  239  983       Total $ 1,841  998  654  3,493  1,994  1,211  757  3,962  Nine Months Ended June 30, Nine Months Ended June 30, 2022 2023 Americas AMEA Europe Total Americas AMEA Europe Total Final Control $ 1,197  1,012  397  2,606  1,438  1,069  382  2,889  Measurement & Analytical 1,069  865  360  2,294  1,333  853  364  2,550  Discrete Automation 890  504  500  1,894  914  539  516  1,969  Safety & Productivity 801  52  213  1,066  777  51  206  1,034  Intelligent Devices 3,957  2,433  1,470  7,860  4,462  2,512  1,468  8,442  Control Systems & Software 839  514  358  1,711  930  578  384  1,892  AspenTech 233  85  87  405  337  228  228  793  Software and Control 1,072  599  445  2,116  1,267  806  612  2,685  Total $ 5,029  3,032  1,915  9,976  5,729  3,318  2,080  11,127

v3.23.2

Revenue Recognition (Tables)	9 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Contract Assets and Contract Liabilities	The following table summarizes the balances of the Company's unbilled receivables (contract assets), which are reported in Other assets (current and noncurrent), and its customer advances (contract liabilities), which are reported in Accrued expenses and Other liabilities.      Sept 30, 2022 June 30, 2023 Unbilled receivables (contract assets) $ 1,390  1,385  Customer advances (contract liabilities) (776) (985)       Net contract assets (liabilities) $ 614  400

v3.23.2

Common Shares and Share-Based Compensation (Tables)	9 Months Ended
	Jun. 30, 2023
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Schedule Of Basic And Diluted Earnings Per Share Reconciliation	Three Months Ended June 30, Nine Months Ended June 30,   2022  2023  2022  2023  Basic shares outstanding 592.8  570.9  593.6  575.1  Dilutive shares 3.4  3.1  3.3  3.0  Diluted shares outstanding 596.2  574.0  596.9  578.1

v3.23.2

Acquisitions and Divestitures (Tables)	3 Months Ended
	Jun. 30, 2023
Business Combinations [Abstract]
Purchase Consideration	The following table summarizes the components of the purchase consideration reflected in the acquisition accounting using Heritage AspenTech's shares outstanding and closing market price per share as of May 16, 2022 (in millions except share and per share data): Heritage AspenTech shares outstanding 66,662,482  Heritage AspenTech share price $ 166.30  Purchase price $ 11,086  Value of stock-based compensation awards attributable to pre-combination service 102  Total purchase consideration $ 11,188
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The total purchase consideration for Heritage AspenTech was allocated to assets and liabilities as follows. Cash and equivalents $ 274  Receivables 43  Other current assets 280  Property, plant equipment 4  Goodwill ($34 expected to be tax-deductible) 7,225  Other intangible assets 4,390  Other assets 513  Total assets 12,729  Short-term borrowings 27  Accounts payable 8  Accrued expenses 115  Long-term debt 255  Deferred taxes and other liabilities 1,136  Total purchase consideration $ 11,188
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination	The estimated intangible assets attributable to the transaction are comprised of the following (in millions): Amount Estimated Weighted Average Life (Years) Developed technology $ 1,350  10 Customer relationships 2,300  15 Trade names 430  Indefinite-lived Backlog 310  3 Total $ 4,390
Business Acquisition, Pro Forma Information	The following unaudited proforma consolidated condensed financial results of operations are presented as if the acquisition of Heritage AspenTech occurred on October 1, 2020. The pro forma information is presented for informational purposes only and is not indicative of the results of operations that would have been achieved had the acquisition occurred as of that time ($ in millions, except per share amounts).   Three Months Ended June 30, Nine Months Ended June 30,   2022  2022  Net Sales $ 3,520  $ 10,326  Net earnings from continuing operations common stockholders $ 268  $ 1,426  Diluted earnings per share from continuing operations $ 0.45  $ 2.39

v3.23.2

Discontinued Operations and Disposal Groups (Tables)	9 Months Ended
	Jun. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations	The financial results of Climate Technologies, InSinkErator ("ISE") and Therm-O-Disc ("TOD") (through the completion of the divestitures), are reported as discontinued operations for the three and nine months ended June 30, 2023 and 2022 and were as follows: Climate Technologies ISE and TOD Total   Three Months Ended June 30, Three Months Ended June 30, Three Months Ended June 30,   2022  2023  2022  2023  2022  2023  Net sales $ 1,325  847  215  —  1,540  847  Cost of sales 892  516  137  —  1,029  516  SG&A 129  122  29  —  158  122  Gain on sale of business —  (10,576) —  —  —  (10,576) Other deductions, net 14  8  (478) —  (464) 8  Earnings before income taxes 290  10,777  527  —  817  10,777  Income taxes 63  2,014  57  —  120  2,014  Earnings, net of tax $ 227  8,763  470  —  697  8,763  Climate Technologies ISE and TOD Total Nine Months Ended June 30, Nine Months Ended June 30, Nine Months Ended June 30, 2022  2023  2022  2023  2022  2023  Net sales $ 3,659  3,156  698  49  4,357  3,205  Cost of sales 2,520  2,000  443  29  2,963  2,029  SG&A 383  391  98  8  481  399  Gain on sale of business —  (10,576) —  (2,783) —  (13,359) Other deductions, net 26  75  (465) 12  (439) 87  Earnings before income taxes 730  11,266  622  2,783  1,352  14,049  Income taxes 158  2,366  102  653  260  3,019  Earnings, net of tax $ 572  8,900  520  2,130  1,092  11,030  Climate Technologies' results for the three and nine months ended June 30, 2023 include lower expense of $26 and $96, respectively, due to ceasing depreciation and amortization upon the held-for-sale classification. Other deductions, net for Climate Technologies included $57 of transaction-related costs for the nine months ended June 30, 2023. Income taxes for the nine months ended June 30, 2023 included approximately $2.2 billion for the gain on the Copeland transaction and subsidiary restructurings in prior quarters, and approximately $660 related to the gain on the InSinkErator divestiture. The aggregate carrying amounts of the major classes of assets and liabilities classified as held-for-sale as of June 30, 2023 and September 30, 2022 are summarized as follows: Climate Technologies ISE Total   Sept. 30, June 30, Sept. 30, June 30, Sept. 30, June 30, Assets 2022  2023  2022  2023  2022  2023     Receivables $ 747  —  68  —  815  —     Inventories 449  —  81  —  530  —     Other current assets 49  —  4  —  53  —     Property, plant & equipment, net 1,122  —  141  —  1,263  —     Goodwill 716  —  2  —  718  —     Other noncurrent assets 265  —  12  —  277  —  Total assets held-for-sale $ 3,348  —  308  —  3,656  —  Liabilities    Accounts payable $ 752  —  60  —  812  —     Other current liabilities 475  —  61  —  536  —     Deferred taxes and other      noncurrent liabilities 154  —  13  —  167  —  Total liabilities held-for-sale $ 1,381  —  134  —  1,515  —  Net cash from operating and investing activities for Climate Technologies, InSinkErator and Therm-O-Disc for the nine months ended June 30, 2023 and 2022 were as follows: Climate Technologies ISE and TOD Total   Nine Months Ended June 30, Nine Months Ended June 30, Nine Months Ended June 30,   2022  2023  2022  2023  2022  2023  Cash from operating activities $ 486  156  (16) (595) 470  (439) Cash from investing activities $ (112) 9,430  551  3,055  439  12,485

v3.23.2

Pension & Postretirement Plans (Tables)	9 Months Ended
	Jun. 30, 2023
Retirement Benefits [Abstract]
Schedule of Pension and Postretirement Plan Expenses	Total periodic pension and postretirement (income) expense is summarized below:   Three Months Ended June 30, Nine Months Ended June 30,   2022  2023  2022  2023  Service cost $ 19  12  $ 57  36  Interest cost 34  54  102  162  Expected return on plan assets (78) (71) (234) (213) Net amortization 23  (18) 69  (58) Total $ (2) (23) $ (6) (73)

v3.23.2

Other Deductions, Net (Tables)	9 Months Ended
	Jun. 30, 2023
Other Income and Expenses [Abstract]
Schedule of Other Deductions, net	Other deductions, net are summarized below:   Three Months Ended June 30, Nine Months Ended June 30,   2022  2023  2022  2023  Amortization of intangibles (intellectual property and   customer relationships) $ 93  120  207  357  Restructuring costs 29  12  44  41  Acquisition/divestiture costs 61  38  91  48  Foreign currency transaction (gains) losses (11) 22  (38) 41  Investment-related gains & gains from sales of capital   assets —  (26) (16) (63) Loss on Copeland equity method investment —  61  —  61  Russia business exit 121  —  121  47  Other (29) (36) (79) (112) Total $ 264  191  330  420

v3.23.2

Restructuring Costs (Tables)	9 Months Ended
	Jun. 30, 2023
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Expense by Segment	Restructuring expense by business segment follows:   Three Months Ended June 30, Nine Months Ended June 30,   2022  2023  2022  2023  Final Control $ 8  (2) 12  (1) Measurement & Analytical 4  1  9  2  Discrete Automation 1  12  4  20  Safety & Productivity (1) (1) —  1  Intelligent Devices 12  10  25  22  Control Systems & Software 7  1  8  7  AspenTech 1  —  1  —  Software and Control 8  1  9  7  Corporate 9  1  10  12  Total $ 29  12  44  41
Schedule of Change in Restructuring Reserve by Type of Cost	Details of the change in the liability for restructuring costs during the nine months ended June 30, 2023 follow:   Sept 30, 2022 Expense Utilized/Paid June 30, 2023 Severance and benefits $ 117  18  49  86  Other 5  23  26  2  Total $ 122  41  75  88

v3.23.2

Equity Method Investment and Note Receivable (Tables)	9 Months Ended
	Jun. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]
Summarized Financial Information	Three and Nine Months Ended June 30,   2023  Net sales $ 435  Gross profit $ 108  Income (loss) from continuing operations $ (150) Net income (loss) $ (150) Net income (loss) attributable to shareholders $ (153)

v3.23.2

Other Financial Information (Tables)	9 Months Ended
	Jun. 30, 2023
Disclosure Text Block [Abstract]
Inventories	Sept 30, 2022 June 30, 2023 Inventories Finished products $ 417  486  Raw materials and work in process 1,325  1,599  Total $ 1,742  2,085
Property, Plant and Equipment, net	Property, plant and equipment, net     Property, plant and equipment, at cost $ 5,390  5,486  Less: Accumulated depreciation 3,151  3,218       Total $ 2,239  2,268
Goodwill by Business Segment	Goodwill by business segment Final Control $ 2,605  2,689  Measurement & Analytical 1,112  1,191  Discrete Automation 807  851  Safety & Productivity 364  398  Intelligent Devices 4,888  5,129  Control Systems & Software 732  672  AspenTech 8,326  8,330  Software and Control 9,058  9,002       Total $ 13,946  14,131
Other Intangible Assets	Other intangible assets     Gross carrying amount $ 9,671  9,839  Less: Accumulated amortization 3,099  3,692       Net carrying amount $ 6,572  6,147
Depreciation and Amortization components	Three Months Ended June 30, Nine Months Ended June 30, 2022  2023  2022  2023  Depreciation and amortization expense include the following: Depreciation expense $ 77  67  240  213  Amortization of intangibles (includes $31, $49, $59 and $147 reported in Cost of Sales, respectively) 124  169  266  504  Amortization of capitalized software 21  21  65  63  Total $ 222  257  571  780  Amortization of intangibles included $99 and $297, related to the Heritage AspenTech acquisition for the three and nine months ended June 30, 2023, respectively, compared to $49 for the three and nine months ended June 30, 2022. For the three and nine months ended June 30, 2022, $5 of amortization of intangibles included in the table above is reported as a restructuring related cost.
Other Assets	Sept 30, 2022 June 30, 2023 Other assets include the following: Pension assets $ 865  998  Unbilled receivables (contract assets) 428  536  Operating lease right-of-use assets 439  508  Deferred income taxes 85  100  Asbestos-related insurance receivables 68  66
Accrued Expenses	Accrued expenses include the following: Customer advances (contract liabilities) $ 751  946  Employee compensation 523  531  Income taxes 125  1,721  Operating lease liabilities (current) 128  146  Product warranty 84  90
Other Liabilities	Other liabilities include the following:     Deferred income taxes $ 1,714  2,006  Pension and postretirement liabilities 427  452  Operating lease liabilities (noncurrent) 312  360  Asbestos litigation 205  178  Deferred income taxes included approximately $540 related to the Copeland transaction as of June 30, 2023.

v3.23.2

Financial Instruments (Tables)	9 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule Of Derivative Instruments	Into Earnings Into OCI 3rd Quarter Nine Months 3rd Quarter Nine Months Gains (Losses) Location 2022  2023  2022  2023  2022  2023  2022  2023  Commodity Cost of sales $ 5  (9) 18  (19) (32) (13) (9) 6  Foreign currency Sales (1) —  —  (2) (3) (2) (5) 1  Foreign currency Cost of sales 10  42  21  60  15  24  32  38  Foreign currency Other deductions, net 56  (91) 108  (108) Net Investment Hedges Euro denominated debt 16  16  84  (46) 163  (183)      Total   $ 70  (42) 147  (53) 64  (37) 181  (138)

v3.23.2

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Jun. 30, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	Activity in Accumulated other comprehensive income (loss) for the three and nine months ended June 30, 2022 and 2023 is shown below, net of income taxes:  Three Months Ended June 30, Nine Months Ended June 30, 2022  2023  2022  2023  Foreign currency translation    Beginning balance $ (760) (918) (629) (1,265)    Other comprehensive income (loss), net of tax of $(8), $3, $(18) and $35, respectively (186) (10) (317) 337     Reclassified to gain on sale of business —  95  —  95     Ending balance (946) (833) (946) (833) Pension and postretirement    Beginning balance (223) (255) (259) (222) Amortization of deferred actuarial losses into earnings, net of tax of $(5), $6, $(10) and $13, respectively 18  (12) 54  (45)    Reclassified to gain on sale of business —  22  —  22     Ending balance (205) (245) (205) (245) Cash flow hedges    Beginning balance 26  25  16  2  Gains deferred during the period, net of taxes of $5, $(2), $(4) and $(11), respectively (15) 7  14  34     Reclassification of realized (gains) losses to sales and cost of sales, net of tax of $4, $1, $10 and $3, respectively (12) (7) (31) (11)    Reclassified to gain on sale of business —  (19) —  (19)    Ending balance (1) 6  (1) 6  Accumulated other comprehensive income (loss) $ (1,152) (1,072) (1,152) (1,072)

v3.23.2

Business Segments (Tables)	9 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Three Months Ended June 30, Nine Months Ended June 30,   Sales Earnings Sales Earnings   2022  2023  2022  2023  2022  2023  2022  2023  Final Control $ 905  1,035  150  245  2,606  2,889  424  618  Measurement & Analytical 788  913  189  257  2,294  2,550  535  661  Discrete Automation 633  668  115  124  1,894  1,969  365  378  Safety & Productivity 360  363  69  82  1,066  1,034  199  228  Intelligent Devices 2,686  2,979  523  708  7,860  8,442  1,523  1,885  Control Systems & Software 568  663  77  144  1,711  1,892  294  378  AspenTech 239  320  57  27  405  793  51  (60) Software and Control 807  983  134  171  2,116  2,685  345  318  Stock compensation (15) (56) (92) (198) Unallocated pension and postretirement costs 25  42  76  133  Corporate and other (239) (43) (336) (154) Gain on subordinated interest —  —  453  —  Loss on Copeland equity method investment —  (61) —  (61) Eliminations/Interest (28) (16) (50) (10) (64) (52) (140) (111) Interest income from related party —  10  10       Total $ 3,465  3,946  378  761  9,912  11,075  1,829  1,822  Corporate and other for the three and nine months ended June 30, 2022 included a loss of $162 related to the Company's exit of business operations in Russia and a loss of $47 for the nine months ended June 30, 2023. Depreciation and amortization (includes intellectual property, customer relationships and capitalized software) by business segment are summarized below: Three Months Ended June 30, Nine Months Ended June 30, 2022  2023  2022  2023  Final Control $ 53  39  156  129  Measurement & Analytical 27  26  88  84  Discrete Automation 22  20  67  63  Safety & Productivity 15  15  44  44  Intelligent Devices 117  100  355  320  Control Systems & Software 24  22  71  67  AspenTech 72  123  119  369  Software and Control 96  145  190  436  Corporate and other 9  12  26  24       Total $ 222  257  571  780
Schedule of Financial Information By Geographic Area	Sales by geographic destination, Americas, Asia, Middle East & Africa ("AMEA") and Europe, are summarized below: Three Months Ended June 30, Three Months Ended June 30, 2022 2023 Americas AMEA Europe Total Americas AMEA Europe Total Final Control $ 434  338  133  905  498  399  138  1,035  Measurement & Analytical 397  274  117  788  482  303  128  913  Discrete Automation 320  150  163  633  312  180  176  668  Safety & Productivity 270  20  70  360  269  18  76  363  Intelligent Devices 1,421  782  483  2,686  1,561  900  518  2,979  Control Systems & Software 289  166  113  568  322  207  134  663  AspenTech 131  50  58  239  111  104  105  320  Software and Control 420  216  171  807  433  311  239  983       Total $ 1,841  998  654  3,493  1,994  1,211  757  3,962  Nine Months Ended June 30, Nine Months Ended June 30, 2022 2023 Americas AMEA Europe Total Americas AMEA Europe Total Final Control $ 1,197  1,012  397  2,606  1,438  1,069  382  2,889  Measurement & Analytical 1,069  865  360  2,294  1,333  853  364  2,550  Discrete Automation 890  504  500  1,894  914  539  516  1,969  Safety & Productivity 801  52  213  1,066  777  51  206  1,034  Intelligent Devices 3,957  2,433  1,470  7,860  4,462  2,512  1,468  8,442  Control Systems & Software 839  514  358  1,711  930  578  384  1,892  AspenTech 233  85  87  405  337  228  228  793  Software and Control 1,072  599  445  2,116  1,267  806  612  2,685  Total $ 5,029  3,032  1,915  9,976  5,729  3,318  2,080  11,127

v3.23.2

Revenue Recognition Contract Assets (Liabilities) (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Unbilled receivables (contract assets)	$ 1,385	$ 1,385	$ 1,390
Customer advances (contract liabilities)	(985)	(985)	(776)
Net contract liabilities	400	400	$ 614
Revenue recognized, included in beginning contract liability	59	500
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Backlog	$ 8,200	$ 8,200

v3.23.2

Revenue Recognition Performance Obligations (Details) $ in Billions	Jun. 30, 2023 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Backlog	$ 8.2
Operating Segments [Member] | AspenTech
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Backlog	$ 1.3
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction, backlog	12 months
Percentage of backlog recognized as revenue, next 12 months	80.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction, backlog	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction, backlog	1 year

v3.23.2

Common Shares and Share-Based Compensation (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Weighted Average Number of Shares Outstanding, Basic	570.9	592.8	575.1	593.6
Dilutive shares	3.1	3.4	3.0	3.3
Diluted shares outstanding	574.0	596.2	578.1	596.9

v3.23.2

Purchase Price (Details) - AspenTech $ / shares in Units, $ in Millions	May 16, 2022 USD ($) $ / shares shares
Business Acquisition [Line Items]
Shares, Outstanding | shares	66,662,482
Share Price | $ / shares	$ 166.30
Purchase price - AspenTech	$ 11,086
Value of stock-based compensation awards attributable to pre-combination service	102
Total purchase consideration	$ 11,188

v3.23.2

Acquisitions And Divestitures Schedule of Purchase Price Allocated to Assets and Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2023	Sep. 30, 2022	May 16, 2022
Business Acquisition [Line Items]
Goodwill ($34 expected to be tax-deductible)	$ 14,131	$ 13,946
Goodwill expected tax deductible amount			$ 34
AspenTech
Business Acquisition [Line Items]
Cash and equivalents			274
Accounts receivable			43
Other current assets			280
Property, plant and equipment, net			4
Goodwill ($34 expected to be tax-deductible)			7,225
Other intangible assets			4,390
Other assets			513
Total assets			12,729
Short-term borrowings			27
Accounts payable			8
Accrued expenses			115
Long-term debt			255
Deferred tax and other liabilities			1,136
Total purchase consideration			$ 11,188

v3.23.2

Finite & Indefinite Lived Intangibles (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2023	May 16, 2022
Developed technology
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets, weighted average useful life	10 years
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets, weighted average useful life	15 years
Backlog
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets, weighted average useful life	3 years
AspenTech
Acquired Finite-Lived Intangible Assets [Line Items]
Intangibles		$ 4,390
AspenTech | Trade Names
Acquired Indefinite-lived Intangible Assets [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets		430
AspenTech | Developed technology
Acquired Finite-Lived Intangible Assets [Line Items]
Intangibles		1,350
AspenTech | Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Intangibles		2,300
AspenTech | Backlog
Acquired Finite-Lived Intangible Assets [Line Items]
Intangibles		$ 310

v3.23.2

Pro Forma Financial Information (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended	9 Months Ended
	Jun. 30, 2022	Jun. 30, 2022
Business Acquisition [Line Items]
Business Acquisition, Pro Forma Revenue	$ 3,520	$ 10,326
Business Acquisition, Pro Forma Net Income (Loss) from continuing operations common stockholders	$ 268	$ 1,426
Business Acquisition, Pro Forma Earnings Per Share from continuing operations, Diluted	$ 0.45	$ 2.39

v3.23.2

Acquisitions and Divestitures Narrative (Details) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended	9 Months Ended		11 Months Ended		12 Months Ended		27 Months Ended
	Jun. 30, 2023 USD ($) $ / shares	Jun. 30, 2022 USD ($) $ / shares	Mar. 31, 2023 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($) $ / shares	Jun. 30, 2023 USD ($)	Jun. 30, 2023 AUD ($)	Dec. 31, 2022 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($)	Apr. 12, 2023 USD ($) $ / shares	May 16, 2022 USD ($) $ / shares	Sep. 30, 2021 USD ($)
Business Acquisition [Line Items]
Cash and equivalents	$ 9,957,000,000	$ 2,529,000,000		$ 9,957,000,000	$ 2,529,000,000	$ 9,957,000,000			$ 1,804,000,000				$ 2,354,000,000
Net sales	3,946,000,000	3,465,000,000		11,075,000,000	9,912,000,000
Acquisition/divestiture costs	38,000,000	61,000,000		48,000,000	91,000,000
Proceeds from Issuance of Debt			$ 3,000,000,000
Equity value											$ 8,200,000,000
Effective purchase price per share | $ / shares											$ 59.61
Net sales								$ 1,660,000,000
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	10,576,000,000	0		13,359,000,000	0
Proceeds from subordinated interest				15,000,000	438,000,000
Gain from periodic distribution from retained subordinated interest in Vertiv (VRT)	0	0		0	453,000,000
Gain from periodic distribution from retained subordinated interest in Vertiv (VRT), net of tax					$ 358,000,000
Gain from periodic distribution from retained subordinated interest in Vertiv (VRT), net of tax, per diluted share | $ / shares					$ 0.60
AspenTech
Business Acquisition [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners												45.00%
Acquisition-related Costs
Business Acquisition [Line Items]
Acquisition/divestiture costs					$ 159,000,000
Interest Expense					56,000,000
Other Nonoperating Income (Expense)
Business Acquisition [Line Items]
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal		130,000,000
Operating Income (Loss)
Business Acquisition [Line Items]
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal		32,000,000
Restructuring Charges
Business Acquisition [Line Items]
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal		9,000,000
RUSSIAN FEDERATION
Business Acquisition [Line Items]
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	$ (47,000,000)	162,000,000			162,000,000
(Loss) on sale of business, net of tax		$ 174,000,000
Disposal Group, Gain (loss) on disposal, net of tax, per diluted share | $ / shares	$ (0.08)	$ 0.29
Backlog
Business Acquisition [Line Items]
Intangible assets, weighted average useful life	3 years
Micromine
Business Acquisition [Line Items]
Purchase price						$ 623,000,000	$ 900
AspenTech
Business Acquisition [Line Items]
Cash contribution to AspenTech shareholders									6,000,000,000
Business Acquisition, Percentage of Voting Interests Acquired												55.00%
Proceeds from Noncontrolling Interests									5,900,000,000
Adjustments to Additional Paid in Capital, Other									$ 550,000,000
Approximate per share payout | $ / shares												$ 87.69
Cash and equivalents												$ 168,000,000
Net sales	$ 257,000,000	$ 173,000,000		$ 576,000,000	173,000,000
Acquisition/divestiture costs		$ 61,000,000			$ 91,000,000
Intangibles												4,390,000,000
AspenTech | Backlog
Business Acquisition [Line Items]
Intangibles												$ 310,000,000
Heritage AspenTech
Business Acquisition [Line Items]
Acquisition/divestiture costs			$ 68,000,000
National Instruments
Business Acquisition [Line Items]
Business Acquisition, Share Price | $ / shares											$ 60
Forecast [Member]
Business Acquisition [Line Items]
Pretax periodic distribution from retained subordinated interest										$ 150,000,000
Forecast [Member] | Minimum [Member]
Business Acquisition [Line Items]
Period over which distributions are expected to occur										2 years
Forecast [Member] | Maximum [Member]
Business Acquisition [Line Items]
Period over which distributions are expected to occur										3 years

v3.23.2

Discontinued Operations and Disposal Groups (Details) - USD ($)		3 Months Ended			6 Months Ended	9 Months Ended
	May 31, 2023	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2022
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Disposal Group, Including Discontinued Operation, Revenue		$ 847,000,000		$ 1,540,000,000		$ 3,205,000,000	$ 4,357,000,000
Disposal Group, Including Discontinued Operation, Costs of Goods Sold		516,000,000		1,029,000,000		2,029,000,000	2,963,000,000
Disposal Group, Including Discontinued Operation, General and Administrative Expense		122,000,000		158,000,000		399,000,000	481,000,000
Gain (loss) on sale of business		(10,576,000,000)		0		(13,359,000,000)	0
Disposal Group, Including Discontinued Operations, Other (income) deductions, net		8,000,000		(464,000,000)		87,000,000	(439,000,000)
Earnings before income taxes		10,777,000,000		817,000,000		14,049,000,000	1,352,000,000
Discontinued operations taxes		2,014,000,000		120,000,000		3,019,000,000	260,000,000
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax		8,763,000,000		697,000,000		11,030,000,000	1,092,000,000
Disposal Group, Including Discontinued Operation, Balance Sheet Disclosures [Abstract]
Disposal Group, Including Discontinued Operation, Accounts, Notes and Loans Receivable, Net		0			$ 0	0		$ 815,000,000
Disposal Group, Including Discontinued Operation, Inventory, Current		0			0	0		530,000,000
Disposal Group, Including Discontinued Operation, Other Assets, Current		0			0	0		53,000,000
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment, Current		0			0	0		1,263,000,000
Disposal Group, Including Discontinued Operation, Goodwill, Current		0			0	0		718,000,000
Disposal Group, Including Discontinued Operation, Other Assets, Noncurrent		0			0	0		277,000,000
Disposal Group, Including Discontinued Operation, Assets		0			0	0		3,656,000,000
Disposal Group, Including Discontinued Operation, Accounts Payable and Accrued Liabilities, Current [Abstract]		0			0	0		812,000,000
Disposal Group, Including Discontinued Operation, Other Liabilities, Current		0			0	0		536,000,000
Disposal Group, Including Discontinued Operation, Other Liabilities, Noncurrent		0			0	0		167,000,000
Disposal Group, Including Discontinued Operation, Liabilities		$ 0			$ 0	0		1,515,000,000
Cash Provided by (Used in) Operating Activities, Discontinued Operations
Cash Provided by (Used in) Operating Activities, Discontinued Operations						(439,000,000)	470,000,000
Cash Provided by (Used in) Investing Activities, Discontinued Operations						12,485,000,000	439,000,000
Income taxes paid related to gain on divestitures, subsidiary restructurings and transaction fees						$ 750,000,000
Climate Technologies (excluding Therm-O-Disc)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Noncontrolling interest, ownership percentage by parent		40.00%			40.00%	40.00%
InSinkErator [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Purchase price						$ 3,000,000,000.0
Disposal Group, Pre-tax earnings			$ 152,000,000
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax						2,800,000,000
(Loss) on sale of business, net of tax						2,100,000,000
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Disposal Group, Including Discontinued Operation, Revenue			630,000,000
Discontinued Operation, Tax Effect of Discontinued Operation						660,000,000
Climate Technologies (excluding Therm-O-Disc)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from divestiture	$ 9,700,000,000				$ 9,700,000,000
Purchase price					14,000,000,000.0	9,700,000,000
Proceeds from notes receivable					2,250,000,000
Disposal Group, Pre-tax earnings			1,000,000,000.0
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax		$ 10,600,000,000
(Loss) on sale of business, net of tax		8,400,000,000
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Disposal Group, Including Discontinued Operation, Revenue		847,000,000	5,000,000,000.0	1,325,000,000		3,156,000,000	3,659,000,000
Disposal Group, Including Discontinued Operation, Costs of Goods Sold		516,000,000		892,000,000		2,000,000,000	2,520,000,000
Disposal Group, Including Discontinued Operation, General and Administrative Expense		122,000,000		129,000,000		391,000,000	383,000,000
Gain (loss) on sale of business		(10,576,000,000)		0		(10,576,000,000)	0
Disposal Group, Including Discontinued Operations, Other (income) deductions, net		8,000,000		14,000,000		75,000,000	26,000,000
Earnings before income taxes		10,777,000,000		290,000,000		11,266,000,000	730,000,000
Discontinued operations taxes		2,014,000,000		63,000,000		2,366,000,000	158,000,000
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax		8,763,000,000		227,000,000		8,900,000,000	572,000,000
Ceased Depreciation		26,000,000				96,000,000
Discontinued operations costs						57,000,000
Discontinued Operation, Tax Effect of Discontinued Operation						2,200,000,000
Disposal Group, Including Discontinued Operation, Balance Sheet Disclosures [Abstract]
Disposal Group, Including Discontinued Operation, Accounts, Notes and Loans Receivable, Net		0			0	0		747,000,000
Disposal Group, Including Discontinued Operation, Inventory, Current		0			0	0		449,000,000
Disposal Group, Including Discontinued Operation, Other Assets, Current		0			0	0		49,000,000
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment, Current		0			0	0		1,122,000,000
Disposal Group, Including Discontinued Operation, Goodwill, Current		0			0	0		716,000,000
Disposal Group, Including Discontinued Operation, Other Assets, Noncurrent		0			0	0		265,000,000
Disposal Group, Including Discontinued Operation, Assets		0			0	0		3,348,000,000
Disposal Group, Including Discontinued Operation, Accounts Payable and Accrued Liabilities, Current [Abstract]		0			0	0		752,000,000
Disposal Group, Including Discontinued Operation, Other Liabilities, Current		0			0	0		475,000,000
Disposal Group, Including Discontinued Operation, Other Liabilities, Noncurrent		0			0	0		154,000,000
Disposal Group, Including Discontinued Operation, Liabilities		0			$ 0	0		1,381,000,000
Cash Provided by (Used in) Operating Activities, Discontinued Operations
Cash Provided by (Used in) Operating Activities, Discontinued Operations						156,000,000	486,000,000
Cash Provided by (Used in) Investing Activities, Discontinued Operations						$ 9,430,000,000	(112,000,000)
Increase in cash proceeds for additional ownership interest		$ 200,000,000
Increase in ownership percentage		5.00%			5.00%	5.00%
Interest accrual percentage on note payable		5.00%			5.00%	5.00%
Ownership percentage at time of announcement		45.00%			45.00%	45.00%
Therm-O-Disc
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax			486,000,000
(Loss) on sale of business, net of tax			$ 429,000,000
Therm-O-Disc &/or InSinkErator
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Disposal Group, Including Discontinued Operation, Revenue		$ 0		215,000,000		$ 49,000,000	698,000,000
Disposal Group, Including Discontinued Operation, Costs of Goods Sold		0		137,000,000		29,000,000	443,000,000
Disposal Group, Including Discontinued Operation, General and Administrative Expense		0		29,000,000		8,000,000	98,000,000
Gain (loss) on sale of business		0		0		(2,783,000,000)	0
Disposal Group, Including Discontinued Operations, Other (income) deductions, net		0		(478,000,000)		12,000,000	(465,000,000)
Earnings before income taxes		0		527,000,000		2,783,000,000	622,000,000
Discontinued operations taxes		0		57,000,000		653,000,000	102,000,000
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax		0		$ 470,000,000		2,130,000,000	520,000,000
Disposal Group, Including Discontinued Operation, Balance Sheet Disclosures [Abstract]
Disposal Group, Including Discontinued Operation, Accounts, Notes and Loans Receivable, Net		0			$ 0	0		68,000,000
Disposal Group, Including Discontinued Operation, Inventory, Current		0			0	0		81,000,000
Disposal Group, Including Discontinued Operation, Other Assets, Current		0			0	0		4,000,000
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment, Current		0			0	0		141,000,000
Disposal Group, Including Discontinued Operation, Goodwill, Current		0			0	0		2,000,000
Disposal Group, Including Discontinued Operation, Other Assets, Noncurrent		0			0	0		12,000,000
Disposal Group, Including Discontinued Operation, Assets		0			0	0		308,000,000
Disposal Group, Including Discontinued Operation, Accounts Payable and Accrued Liabilities, Current [Abstract]		0			0	0		60,000,000
Disposal Group, Including Discontinued Operation, Other Liabilities, Current		0			0	0		61,000,000
Disposal Group, Including Discontinued Operation, Other Liabilities, Noncurrent		0			0	0		13,000,000
Disposal Group, Including Discontinued Operation, Liabilities		$ 0			$ 0	0		$ 134,000,000
Cash Provided by (Used in) Operating Activities, Discontinued Operations
Cash Provided by (Used in) Operating Activities, Discontinued Operations						(595,000,000)	(16,000,000)
Cash Provided by (Used in) Investing Activities, Discontinued Operations						$ 3,055,000,000	$ 551,000,000

v3.23.2

Pension & Postretirement Plans (Schedule Of Net Periodic Pension And Net Postretirement Plan Expenses) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 12	$ 19	$ 36	$ 57
Interest cost	54	34	162	102
Expected return on plan assets	(71)	(78)	(213)	(234)
Net amortization	(18)	23	(58)	69
Total	$ (23)	$ (2)	$ (73)	$ (6)

v3.23.2

Other Deductions, Net (Schedule Of Other Deductions, Net) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Other deductions, net [Line Items]
Amortization of intangibles intellectual property and customer relationships	$ 120	$ 93	$ 357	$ 207
Restructuring costs	12	29	41	44
Acquisition/divestiture costs	38	61	48	91
Foreign currency transaction gain (loss)	(22)	11	(41)	38
Investment-related gains & gains from sales of capital assets	(26)	0	(63)	(16)
Loss from equity method investment	61	0	61	0
Russia business exit - excluding restructuring expense	0	121	47	121
Other	(36)	(29)	(112)	(79)
Other deductions, net	191	264	420	330
Unrealized Gain (Loss) on Derivatives	3		24
National Instruments
Other deductions, net [Line Items]
Debt and Equity Securities, Unrealized Gain (Loss)	12		47
AspenTech
Other deductions, net [Line Items]
Acquisition/divestiture costs		61		91
Amortization of intangible assets	99	49	297	49
AspenTech | Other Nonoperating Income (Expense)
Other deductions, net [Line Items]
Amortization of intangible assets	$ 65	$ 32	$ 193	$ 32

v3.23.2

Restructuring Costs (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2023
Restructuring Reserve [Roll Forward]
Beginning restructuring liability			$ 122
Restructuring expense	$ 12	$ 29	41	$ 44
Restructuring utilized/paid			75
Ending restructuring liability	88		88
Cost of sales and selling, general, and administrative expenses [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense	1	11	13	24
Severance and benefits [Member]
Restructuring Reserve [Roll Forward]
Beginning restructuring liability			117
Restructuring expense			18
Restructuring utilized/paid			49
Ending restructuring liability	86		86
Other Restructuring [Member]
Restructuring Reserve [Roll Forward]
Beginning restructuring liability			5
Restructuring expense			23
Restructuring utilized/paid			26
Ending restructuring liability	2		2
Measurement & Analytical Instrumentation [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense	(2)	8	2	9
Final Control
Restructuring Reserve [Roll Forward]
Restructuring expense	1	4	(1)	12
Discrete Automation
Restructuring Reserve [Roll Forward]
Restructuring expense	12	1	20	4
Safety & Productivity [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense	(1)	(1)	1	0
Intelligent Devices
Restructuring Reserve [Roll Forward]
Restructuring expense	10	12	22	25
AspenTech
Restructuring Reserve [Roll Forward]
Restructuring expense	1	7	0	1
Control Systems & Software
Restructuring Reserve [Roll Forward]
Restructuring expense	0	1	7	8
Software and Control
Restructuring Reserve [Roll Forward]
Restructuring expense	1	8	7	9
Corporate [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense	$ 1	$ 9	$ 12	$ 10
Forecast [Member]
Restructuring Reserve [Roll Forward]
Expected fiscal year restructuring expense					$ 110

v3.23.2

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		15 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2020
Income Tax [Line Items]
Income taxes	$ 158	$ 123	$ 390	$ 399
Effective income tax rate	21.00%	33.00%	21.00%	22.00%
Payroll tax deferral from CARES Act through December 2020					$ 73
Payroll Taxes Paid			$ 37	$ 37
Unfavorable impact of Russia divestiture, percentage impact		12.00%

v3.23.2

Equity Method Investment and Note Receivable (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended		6 Months Ended	9 Months Ended
	May 31, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2022
Schedule of Equity Method Investments [Line Items]
Loss from equity method investment		$ 61	$ 0		$ 61	$ 0
Income tax benefit		(158)	(123)		(390)	(399)
Interest income		58	11		96	18
Settlement of notes receivable					918	0
Settlement of notes payable					918	0
Interest income from related party		(10)	$ 0		(10)	$ 0
Copeland
Schedule of Equity Method Investments [Line Items]
Equity method investment	$ 1,359	1,296		$ 1,296	1,296
Notes receivable	2,052	2,063		$ 2,063	2,063
Loss from equity method investment		61			61
Income tax benefit		$ 10			$ 10
Loss from equity method investment (in usd per share)		$ (0.09)			$ 0.09
Settlement of notes receivable		$ 918
Settlement of notes payable		918
Interest income from related party		$ 10
Climate Technologies (excluding Therm-O-Disc)
Schedule of Equity Method Investments [Line Items]
Noncontrolling interest, ownership percentage by parent		40.00%		40.00%	40.00%
Climate Technologies (excluding Therm-O-Disc)
Schedule of Equity Method Investments [Line Items]
Proceeds from divestiture	9,700			$ 9,700
Notes receivable, consideration	$ 2,250

v3.23.2

Equity Method Investment and Note Receivable - Summarized Financial Information (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Schedule of Equity Method Investments [Line Items]
Net sales					$ 1,660,000,000
Income (loss) from continuing operations	$ 603,000,000	$ 255,000,000	$ 1,432,000,000	$ 1,430,000,000
Net income (loss)	9,366,000,000	952,000,000	12,462,000,000	2,522,000,000
Net income (loss) attributable to shareholders	9,352,000,000	$ 921,000,000	12,475,000,000	$ 2,491,000,000
Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member]
Schedule of Equity Method Investments [Line Items]
Net sales	435,000,000		435,000,000
Gross profit	108,000,000		108,000,000
Income (loss) from continuing operations	(150,000,000)		(150,000,000)
Net income (loss)	(150,000,000)		(150,000,000)
Net income (loss) attributable to shareholders	$ (153,000,000)		$ (153,000,000)

v3.23.2

Other Financial Information (Inventories) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Sep. 30, 2022
Inventory Disclosure [Abstract]
Finished products	$ 486	$ 417
Raw materials and work in process	1,599	1,325
Total	$ 2,085	$ 1,742

v3.23.2

Other Financial Information (PPE) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Sep. 30, 2022
Property, Plant and Equipment [Abstract]
Property, plant and equipment, at cost	$ 5,486	$ 5,390
Less: Accumulated depreciation	3,218	3,151
Total	$ 2,268	$ 2,239

v3.23.2

Other Financial Information (Goodwill) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Sep. 30, 2022
Goodwill [Line Items]
Goodwill	$ 14,131	$ 13,946
Measurement & Analytical Instrumentation [Member]
Goodwill [Line Items]
Goodwill	1,191	1,112
Final Control
Goodwill [Line Items]
Goodwill	2,689	2,605
Discrete Automation
Goodwill [Line Items]
Goodwill	851	807
Safety & Productivity [Member]
Goodwill [Line Items]
Goodwill	398	364
Intelligent Devices
Goodwill [Line Items]
Goodwill	5,129	4,888
AspenTech
Goodwill [Line Items]
Goodwill	8,330	8,326
Control Systems & Software
Goodwill [Line Items]
Goodwill	672	732
Software and Control
Goodwill [Line Items]
Goodwill	$ 9,002	$ 9,058

v3.23.2

Other Financial Information (Intangibles) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Sep. 30, 2022
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 9,839	$ 9,671
Less: Accumulated amortization	3,692	3,099
Net carrying amount	6,147	6,572
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Net carrying amount	3,261	3,436
Intellectual Property
Finite-Lived Intangible Assets [Line Items]
Net carrying amount	$ 2,685	$ 2,934

v3.23.2

Other Financial Data (Components of Depreciation and Amortization) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Depreciation expense	$ 67	$ 77	$ 213	$ 240
Amortization of intangibles (includes $49, $31, $147 and $59 reported in Cost of Sales, respectively)	169	124	504	266
Amortization of capitalized software	21	21	63	65
Depreciation and amortization	257	222	780	571
Amortization of intangibles in Cost of Sales	49	31	147	59
AspenTech
Amortization of intangible assets	$ 99	$ 49	$ 297	$ 49

v3.23.2

Other Financial Information (Other Assets) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Sep. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Pension assets	$ 998	$ 865
Unbilled receivables (contract assets)	536	428
Operating lease right-of-use assets	508	439
Deferred income taxes	100	85
Asbestos-related insurance receivables	$ 66	$ 68

v3.23.2

Other Financial Information (Accrued Expenses) (Details) - USD ($) $ in Millions	9 Months Ended
	Jun. 30, 2023	Sep. 30, 2022
Accrued Liabilities and Other Liabilities [Abstract]
Customer advances (contract liabilities)	$ 946	$ 751
Employee compensation	531	523
Accrued Income Taxes, Current	$ 1,721	125
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses
Operating lease liabilities (current)	$ 146	128
Product warranty	90	$ 84
InSinkErator [Member]
Discontinued Operation, Tax Effect of Discontinued Operation	660
Climate Technologies (excluding Therm-O-Disc)
Discontinued Operation, Tax Effect of Discontinued Operation	2,200
InSinkErator and Copeland
Taxes Payable, Current	$ 1,500

v3.23.2

Other Financial Information (Other Liabilities) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Sep. 30, 2022
Other Liabilities [Abstract]
Deferred income taxes	$ 2,006	$ 1,714
Pension and postretirement liabilities	452	427
Operating lease liabilities (noncurrent)	360	312
Asbestos litigation	178	205
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Deferred income taxes	2,006	$ 1,714
Climate Technologies (excluding Therm-O-Disc)
Other Liabilities [Abstract]
Deferred income taxes	540
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Deferred income taxes	$ 540

v3.23.2

Financial Instruments (Schedule Of Derivative Instruments) (Details) $ / shares in Units, € in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Apr. 12, 2023 $ / shares	Sep. 30, 2019 EUR (€)
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified to earnings	$ (42)	$ 70	$ (53)	$ 147
Gain (loss) to other comprehensive income	(37)	64	(138)	181
Senior Notes [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Debt, face amount | €						€ 1,500
National Instruments
Derivative Instruments, Gain (Loss) [Line Items]
Business Acquisition, Share Price | $ / shares					$ 60
National Instruments
Derivative Instruments, Gain (Loss) [Line Items]
Investments	128		128
Debt and Equity Securities, Unrealized Gain (Loss)	12		47
Foreign Exchange Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Notional amount of foreign currency hedge positions	2,300		2,300
Foreign Exchange Contract [Member] | Cash Flow Hedging [Member] | Cost of Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified to earnings	42	10	60	21
Foreign Exchange Contract [Member] | Cash Flow Hedging [Member] | Cost of Sales [Member] | Other Comprehensive Income (Loss) [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) to other comprehensive income	24	15	38	32
Foreign Exchange Contract [Member] | Cash Flow Hedging [Member] | Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified to earnings	0	(1)	(2)	0
Foreign Exchange Contract [Member] | Cash Flow Hedging [Member] | Sales [Member] | Other Comprehensive Income (Loss) [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) to other comprehensive income	(2)	(3)	1	(5)
Foreign Exchange Contract [Member] | Net Investment Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified to earnings	16		16
Foreign Exchange Contract [Member] | Net Investment Hedging [Member] | Other Comprehensive Income (Loss) [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) to other comprehensive income	(46)	84	(183)	163
Commodity Contract [Member] | Cash Flow Hedging [Member] | Cost of Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified to earnings	(9)	5	(19)	18
Commodity Contract [Member] | Cash Flow Hedging [Member] | Cost of Sales [Member] | Other Comprehensive Income (Loss) [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) to other comprehensive income	(13)	(32)	6	(9)
Commodity Contract [Member] | Cash Flow Hedging [Member] | Other deductions, net [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified to earnings	$ (91)	$ 56	$ (108)	$ 108

v3.23.2

Financial Instruments (Fair Value Measurements) (Details) $ in Millions	Jun. 30, 2023 USD ($)
Derivatives, Fair Value [Line Items]
Fair value of long-term debt compared with carrying value	$ 1,055
Collateral posted to counterparties	0
Collateral held from counterparties	0
Fair Value, Inputs, Level 2 [Member]
Derivatives, Fair Value [Line Items]
Fair value of long-term debt	$ 7,200

v3.23.2

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2022
Accumulated other comprehensive income [Roll Forward]
Beginning balance			$ 16,316
Other Comprehensive Income (Loss) Net of Tax, Period Change [Abstract]
Ending balance	$ 26,413	$ 16,287	26,413	$ 16,287
Accumulated other comprehensive income (loss)	(1,072)	(1,152)	(1,072)	(1,152)	$ (1,485)
Foreign currency translation, tax	3	(8)	35	(18)
Amortization of deferred actuarial losses, tax	6	(5)	13	(10)
Gains (losses) deferred during the period, tax	(2)	5	(11)	(4)
Reclassification of (gains) losses to sales and cost of sales, tax	1	4	3	10
Accumulated other comprehensive income (loss)
Accumulated other comprehensive income [Roll Forward]
Beginning balance	(1,148)	(957)	(1,485)	(872)
Other Comprehensive Income (Loss) Net of Tax, Period Change [Abstract]
Ending balance	(1,072)	(1,152)	(1,072)	(1,152)
Foreign currency translation [Member]
Accumulated other comprehensive income [Roll Forward]
Beginning balance	(918)	(760)	(1,265)	(629)
Other Comprehensive Income (Loss) Net of Tax, Period Change [Abstract]
Other comprehensive income (loss), foreign currency translation, net of tax of $3, $(8), $35 and $(18), respectively	(10)	(186)	337	(317)
Reclassified to gain on sale of business	95	0	95	0
Ending balance	(833)	(946)	(833)	(946)
Pension and post retirement [Member]
Accumulated other comprehensive income [Roll Forward]
Beginning balance	(255)	(223)	(222)	(259)
Other Comprehensive Income (Loss) Net of Tax, Period Change [Abstract]
Amortization of deferred actuarial losses into earnings, net of tax of $6, $(5), $13 and $(10), respectively	(12)	18	(45)	54
Reclassified to gain on sale of business	22	0	22	0
Ending balance	(245)	(205)	(245)	(205)
Cash Flow Hedges [Member]
Accumulated other comprehensive income [Roll Forward]
Beginning balance	25	26	2	16
Other Comprehensive Income (Loss) Net of Tax, Period Change [Abstract]
Deferral of gains (losses) arising during the period, net of tax of $(2), $5, $(11) and $(4), respectively	7	(15)	34	14
Reclassification of realized gains (losses) to sales and cost of sales, net of tax of $1, $4, $3 and $10, respectively	(7)	(12)	(11)	(31)
Reclassified to gain on sale of business	(19)	0	(19)	0
Ending balance	$ 6	$ (1)	$ 6	$ (1)

v3.23.2

Accumulated Other Comprehensive Income (Loss) (Details 2) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Foreign currency translation, tax	$ 3	$ (8)	$ 35	$ (18)
Amortization of deferred actuarial losses, tax	6	(5)	13	(10)
Gains (losses) deferred during the period, tax	(2)	5	(11)	(4)
Reclassification of (gains) losses to sales and cost of sales, tax	$ 1	$ 4	$ 3	$ 10

v3.23.2

Business Segments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Net sales	$ 3,946	$ 3,465	$ 11,075	$ 9,912
Earnings	761	378	1,822	1,829
Gain from periodic distribution from retained subordinated interest in Vertiv (VRT)	0	0	0	453
Income (Loss) from Equity Method Investments	(61)	0	(61)	0
Interest expense	(10)	(50)	(111)	(140)
Gain (loss) on sale of business	10,576	0	13,359	0
RUSSIAN FEDERATION
Segment Reporting Information [Line Items]
Gain (loss) on sale of business	(47)	162		162
Operating Segments [Member] | Measurement & Analytical Instrumentation [Member]
Segment Reporting Information [Line Items]
Net sales	913	788	2,550	2,294
Earnings	257	189	661	535
Operating Segments [Member] | Final Control
Segment Reporting Information [Line Items]
Net sales	1,035	905	2,889	2,606
Earnings	245	150	618	424
Operating Segments [Member] | Discrete Automation
Segment Reporting Information [Line Items]
Net sales	668	633	1,969	1,894
Earnings	124	115	378	365
Operating Segments [Member] | Safety & Productivity [Member]
Segment Reporting Information [Line Items]
Net sales	363	360	1,034	1,066
Earnings	82	69	228	199
Operating Segments [Member] | Intelligent Devices
Segment Reporting Information [Line Items]
Net sales	2,979	2,686	8,442	7,860
Earnings	708	523	1,885	1,523
Operating Segments [Member] | AspenTech
Segment Reporting Information [Line Items]
Net sales	320	239	793	405
Earnings	27	57	(60)	51
Operating Segments [Member] | Control Systems & Software
Segment Reporting Information [Line Items]
Net sales	663	568	1,892	1,711
Earnings	144	77	378	294
Operating Segments [Member] | Software and Control
Segment Reporting Information [Line Items]
Net sales	983	807	2,685	2,116
Earnings	171	134	318	345
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Stock compensation	(56)	(15)	(198)	(92)
Unallocated pension and postretirement costs	42	25	133	76
Gain from periodic distribution from retained subordinated interest in Vertiv (VRT)	0	0	0	453
Income (Loss) from Equity Method Investments	(61)	0	(61)	0
Corporate and other [Member]
Segment Reporting Information [Line Items]
Earnings	(43)	(239)	(154)	(336)
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales	(16)	(28)	(52)	(64)
Interest expense	(10)	(50)	(111)	(140)
Interest income from related party	$ 10	$ 0	$ 10

v3.23.2

Business Segment Information - Depreciation & Amortization (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Depreciation and amortization	$ 257	$ 222	$ 780	$ 571
Corporate, non-segment [Member] | Corporate and Other [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	12	9	24	26
Operating Segments [Member] | Final Control
Segment Reporting Information [Line Items]
Depreciation and amortization	39	53	129	156
Operating Segments [Member] | Measurement & Analytical Instrumentation [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	26	27	84	88
Operating Segments [Member] | Discrete Automation
Segment Reporting Information [Line Items]
Depreciation and amortization	20	22	63	67
Operating Segments [Member] | Safety & Productivity [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	15	15	44	44
Operating Segments [Member] | Intelligent Devices
Segment Reporting Information [Line Items]
Depreciation and amortization	100	117	320	355
Operating Segments [Member] | AspenTech
Segment Reporting Information [Line Items]
Depreciation and amortization	123	72	369	119
Operating Segments [Member] | Control Systems & Software
Segment Reporting Information [Line Items]
Depreciation and amortization	22	24	67	71
Operating Segments [Member] | Software and Control
Segment Reporting Information [Line Items]
Depreciation and amortization	$ 145	$ 96	$ 436	$ 190

v3.23.2

Business Segments Geographic Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Disaggregation of Revenue [Line Items]
Net sales	$ 3,946	$ 3,465	$ 11,075	$ 9,912
Reportable Geographical Components [Member]
Disaggregation of Revenue [Line Items]
Net sales	3,962	3,493	11,127	9,976
Reportable Geographical Components [Member] | Americas
Disaggregation of Revenue [Line Items]
Net sales	1,994	1,841	5,729	5,029
Reportable Geographical Components [Member] | Asia, Middle East & Africa
Disaggregation of Revenue [Line Items]
Net sales	1,211	998	3,318	3,032
Reportable Geographical Components [Member] | Europe [Member]
Disaggregation of Revenue [Line Items]
Net sales	757	654	2,080	1,915
Reportable Geographical Components [Member] | Final Control
Disaggregation of Revenue [Line Items]
Net sales	1,035	905	2,889	2,606
Reportable Geographical Components [Member] | Final Control | Americas
Disaggregation of Revenue [Line Items]
Net sales	498	434	1,438	1,197
Reportable Geographical Components [Member] | Final Control | Asia, Middle East & Africa
Disaggregation of Revenue [Line Items]
Net sales	399	338	1,069	1,012
Reportable Geographical Components [Member] | Final Control | Europe [Member]
Disaggregation of Revenue [Line Items]
Net sales	138	133	382	397
Reportable Geographical Components [Member] | Measurement & Analytical Instrumentation [Member]
Disaggregation of Revenue [Line Items]
Net sales	913	788	2,550	2,294
Reportable Geographical Components [Member] | Measurement & Analytical Instrumentation [Member] | Americas
Disaggregation of Revenue [Line Items]
Net sales	482	397	1,333	1,069
Reportable Geographical Components [Member] | Measurement & Analytical Instrumentation [Member] | Asia, Middle East & Africa
Disaggregation of Revenue [Line Items]
Net sales	303	274	853	865
Reportable Geographical Components [Member] | Measurement & Analytical Instrumentation [Member] | Europe [Member]
Disaggregation of Revenue [Line Items]
Net sales	128	117	364	360
Reportable Geographical Components [Member] | Discrete Automation
Disaggregation of Revenue [Line Items]
Net sales	668	633	1,969	1,894
Reportable Geographical Components [Member] | Discrete Automation | Americas
Disaggregation of Revenue [Line Items]
Net sales	312	320	914	890
Reportable Geographical Components [Member] | Discrete Automation | Asia, Middle East & Africa
Disaggregation of Revenue [Line Items]
Net sales	180	150	539	504
Reportable Geographical Components [Member] | Discrete Automation | Europe [Member]
Disaggregation of Revenue [Line Items]
Net sales	176	163	516	500
Reportable Geographical Components [Member] | Safety & Productivity [Member]
Disaggregation of Revenue [Line Items]
Net sales	363	360	1,034	1,066
Reportable Geographical Components [Member] | Safety & Productivity [Member] | Americas
Disaggregation of Revenue [Line Items]
Net sales	269	270	777	801
Reportable Geographical Components [Member] | Safety & Productivity [Member] | Asia, Middle East & Africa
Disaggregation of Revenue [Line Items]
Net sales	18	20	51	52
Reportable Geographical Components [Member] | Safety & Productivity [Member] | Europe [Member]
Disaggregation of Revenue [Line Items]
Net sales	76	70	206	213
Reportable Geographical Components [Member] | Intelligent Devices
Disaggregation of Revenue [Line Items]
Net sales	2,979	2,686	8,442	7,860
Reportable Geographical Components [Member] | Intelligent Devices | Americas
Disaggregation of Revenue [Line Items]
Net sales	1,561	1,421	4,462	3,957
Reportable Geographical Components [Member] | Intelligent Devices | Asia, Middle East & Africa
Disaggregation of Revenue [Line Items]
Net sales	900	782	2,512	2,433
Reportable Geographical Components [Member] | Intelligent Devices | Europe [Member]
Disaggregation of Revenue [Line Items]
Net sales	518	483	1,468	1,470
Reportable Geographical Components [Member] | Control Systems & Software
Disaggregation of Revenue [Line Items]
Net sales	663	568	1,892	1,711
Reportable Geographical Components [Member] | Control Systems & Software | Americas
Disaggregation of Revenue [Line Items]
Net sales	322	289	930	839
Reportable Geographical Components [Member] | Control Systems & Software | Asia, Middle East & Africa
Disaggregation of Revenue [Line Items]
Net sales	207	166	578	514
Reportable Geographical Components [Member] | Control Systems & Software | Europe [Member]
Disaggregation of Revenue [Line Items]
Net sales	134	113	384	358
Reportable Geographical Components [Member] | AspenTech
Disaggregation of Revenue [Line Items]
Net sales	320	239	793	405
Reportable Geographical Components [Member] | AspenTech | Americas
Disaggregation of Revenue [Line Items]
Net sales	111	131	337	233
Reportable Geographical Components [Member] | AspenTech | Asia, Middle East & Africa
Disaggregation of Revenue [Line Items]
Net sales	104	50	228	85
Reportable Geographical Components [Member] | AspenTech | Europe [Member]
Disaggregation of Revenue [Line Items]
Net sales	105	58	228	87
Reportable Geographical Components [Member] | Software and Control
Disaggregation of Revenue [Line Items]
Net sales	983	807	2,685	2,116
Reportable Geographical Components [Member] | Software and Control | Americas
Disaggregation of Revenue [Line Items]
Net sales	433	420	1,267	1,072
Reportable Geographical Components [Member] | Software and Control | Asia, Middle East & Africa
Disaggregation of Revenue [Line Items]
Net sales	311	216	806	599
Reportable Geographical Components [Member] | Software and Control | Europe [Member]
Disaggregation of Revenue [Line Items]
Net sales	$ 239	$ 171	$ 612	$ 445

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